When does the “clock start” under the Limitation Act 1980?
The clock starts ticking at different times depending on the nature of the actionable cause. For contract claims the clock starts from the time a contract is breached, for negligence claims it is from the time of the negligent act or from the time the plaintiff had knowledge or should have had reasonable knowledge of the negligence. For personal injury and death claims the clock starts running from the time of the incident or from the time that the incident was linked to the personal injury illness or death.
On the 8 July 2015, the Chancellor has announce in the budget a more than 58% increase in the rate of insurance premium tax from November 2015. The standard rate will increase from 6% to a whopping 9.5%.