Latest Road Haulage

Hauliers edge closer to justice in a landmark ruling in the Truck Cartel Case.   An Update In a significant victory for the Road Haulage Association (RHA) and over 18,000 haulage operators, the Competition Appeal Tribunal has granted a Collective Proceedings Order (CPO) to the RHA. This ruling allows the RHA to seek compensation for…

Why do businesses get de-banked?   MP’s on the Treasury Committee have recently looked at an issue that has been creeping up on some SME’s recently and causing real problems – where your bank shuts your account without your instruction and without warning.   The committee have discovered that this has occurred 130,000 times over…

UK company size thresholds are set to increase, but what does this change for you?   In his recent economic speech on 18th March 2024, Rishi Sunak unveiled significant changes aimed at simplifying reporting requirements for businesses. Among these measures, he announced an increase in the thresholds used to determine company size.   Understanding Company…

Spring Budget 2024, a Budget to lower taxes and achieve higher growth.   The Chancellor has announced that there is good news for the economy, with the Office for Budget Responsibility (OBR) confirming that inflation is currently at 4% and is likely to reduce below the Governments target of 2% in the next few months.…

The All-Party Parliamentary Group for Road Freight and Logistics has today (27 July 2022) urged the Government to approve the introduction of an Essential User Rebate of no less than 15 pence per litre for operators within the logistics sector to combat the effects of soaring fuel prices and inflation.   The call has come…

  The Competition Appeal Tribunal delivered a landmark judgement 8th June 2022 allowing the Road Haulage Association (RHA) to proceed with its collective claim on behalf of hauliers seeking damages from some of the world’s largest truck manufacturers over their alleged involvement in a price-fixing cartel operating between 1997 and 2011. Over 18,000 operators have…

During the first lockdown HMRC paused most debt collection activities, which has contributed to the total UK tax debt of £39bn according to The Public Accounts Committee. HMRC have stated, “We are recouping debt safely, taking into account customers’ circumstances and making repayments affordable. It’s in no-one’s interests to push viable businesses into insolvency when…

The government have announced that they will be extending their plug-in van and truck grants for another two years to spring 2025, there will also be changes to the existing plug-in vehicle grants applicable for the funding of larger trucks.   From 1 April 2022, the threshold to claim the small truck grant of up…

If you operate a trade through a limited company, and your ‘numbers’ are big enough, then there are some scenarios where it is often best advice to insert a parent company above this trading company, to create a simple group structure: As a risk management measure, to enable valuable assets (eg business premises, investment property,…

For some businesses having a strong credit rating is fundamental to their future success. It can affect availability of supplier credit, the ability to borrow and eligibility to be on customer/prospect tender lists as an approved supplier. For many other businesses, however, this credit rating is totally irrelevant. Experian is one of the major rating…