Re: CT bailiff fees
You know what, that document I posted earlier shows precisely HOW the fee levels were arrived at.
In very simple terms it is cost of enforcement at each level - multiplied by rate of recovery.
SO if the average is successful collection at enforcement stage is from 1 in 5, and the cost plus 10% profit margin of each attempted collection is £11 - the fee is set to cover all 5 attempted collections - thus £55
Its around page 105 in the PDF
There is also a fair bit of discussion about how the sum collected is allocated (if that might help with other threads) Read arounbd page 115 where it is discussing the old set up vs the options for the new setup
NEW (recommendation)
ALSO in that document at PAGE 173 / 174 are the old fee structures with the old £24.50 fee (plus all the other fees allowable) detailed.
I realise it is an old document however it does appear to be the original calculations that went through the consultation stages to arrive at where we are now.
You know what, that document I posted earlier shows precisely HOW the fee levels were arrived at.
In very simple terms it is cost of enforcement at each level - multiplied by rate of recovery.
SO if the average is successful collection at enforcement stage is from 1 in 5, and the cost plus 10% profit margin of each attempted collection is £11 - the fee is set to cover all 5 attempted collections - thus £55
Its around page 105 in the PDF
There is also a fair bit of discussion about how the sum collected is allocated (if that might help with other threads) Read arounbd page 115 where it is discussing the old set up vs the options for the new setup
Originally posted by OLD SET UP
ALSO in that document at PAGE 173 / 174 are the old fee structures with the old £24.50 fee (plus all the other fees allowable) detailed.
I realise it is an old document however it does appear to be the original calculations that went through the consultation stages to arrive at where we are now.
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