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76.—(1) The tribunal shall decide the number of hours in respect of which a preparation time order should be made, on the basis of—
(a)information provided by the receiving party on time spent falling within rule 72(2); and
(b)the tribunal’s own assessment of what it considers to be a reasonable and proportionate amount of time to spend on such preparatory work, with reference to such matters as the complexity of the proceedings, the number of witnesses and documentation required.
(2) The hourly rate is £39 and increases on 6 April each year by £1.
(3) The amount of a preparation time order shall be the product of the number of hours assessed under paragraph (1) and the rate under paragraph (2).