Latest Blogs in Road Haulage
Jason Jones
4th May 2020 Coronavirus Bounce Back Loan Scheme Now Open for Applications

Key features of the BBLS:   The scheme is a 100% government backed initiative for small businesses.   You can apply* for a loan between £2,000 and £50,000 (up to a maximum of 25% annual turnover), for 6 years.   No repayments required for the first 12 months, and you won’t pay any charges should…

Lisa Smith
15th April 2020 COVID-19 – VAT Relief on Bad Debts

At a time when cash flow is key, don’t forget to claim VAT relief on bad debts when preparing your VAT return.  To claim relief, a debt must have remained unpaid for a period of six months from the later of the date payment was due or the date of the supply. If all or…

Andrew Band
2nd November 2018 Increase in Annual Investment Allowance

The government has announced an increase in the Annual Investment Allowance (AIA) to £1 million in relation to qualifying expenditure incurred from 1 January 2019. Since 1 January 2016 the AIA limit has been £200,000.  It may be worth deferring planned significant capital expenditure as, I am sure you will agree, the additional £800,000 relief…

Andrew Band
4th January 2018 EU competition infringements by European truck manufacturers

  The European Commission imposed fines of €3.4 billion in July 2016 and September 2017 following findings that a number of manufacturers were party to a cartel at senior management level from 1997-2001. Breakdowns of the fines for the companies involved were as follows: Daimler/Mercedes – €1 billion Scania – €880 million DAF – €752…

Mark Haydon
26th September 2016 Labour Market Shortages

Lorry Driver Shortage: Will Government resolve crisis? The lack of HGV drivers has very much been the word on the street for a significant length of time and we have seen over the past few years this progress to what those who work in the industry perceive as a potential national crisis. The UK’s supply…

Mark Haydon
24th July 2016 Insurance Premium Tax

Lorry Insurance: costs set to rise from 1 November 2015. In this year’s Summer Budget the Chancellor announced a 58% increase to Insurance Premium Tax (IPT), raising the current rate of 6% to 9.5% with effect from 1 November 2015. The 2015 RHA cost tables detail the average insurance premium for a 44t lorry at £3,675,…

Mark Haydon
14th July 2016 Remote Working

On the Road: And in the cloud? Road hauliers, both big and small, can enjoy the advantages of a cloud based accounting system. For the small operator, with say 4 or 5 vehicles, who is actively on the road, a cloud based system such as Xero or Quickbooks online will provide the ability to raise…

Steve Smith
13th April 2016 Business Credit Rating

Business Credit Rating: Poor rating hurting your business? If there is one positive that has come out of the UK’s double-dip recession, then it is reminding businesses of how important their credit rating is. In many sectors, both suppliers and customers have now re-engineered their processes to routinely look at a company’s credit ratings. Within the UK,…

Mark Haydon
12th April 2016 Employment Status Anti-Avoidance

Self-Employed Lorry Drivers: Beware HMRC crackdown. HMRC have written to the RHA about the tax status of lorry drivers. The letter outlines the key points of HMRC rules in this area and suggests that a lorry driver is unlikely to be self-employed unless he is an owner driver. HMRC is particularly concerned about some ‘avoidance…

Mark Haydon
23rd March 2016 Cost Management

Road Hauliers: Fuel optimisation ideas. A further freeze on fuel duty along with the rates of HGV VED and Road user Levies in the March 2016 Budget were welcome news for Road Hauliers. The government followed on by saying that over the last 6 years operators have on average saved a total of £14,400 on…