Latest Road Haulage

Spring Budget 2024: For Businesses

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.…

MP’s call for Government to Introduce Essential User Rebate

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…

Trucks Cartel Claim Given Green Light

  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…

MP’s urge HMRC to crack down on unpaid taxes due to pandemic

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…

Extension of plug-in van and truck grants

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…

Should your company have a ParentCo?

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,…

Business credit rating: top 10 tips

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…

COVID: business interruption insurance claims?

Those businesses with comprehensive commercial insurance cover will possibly be covered for ‘business interruption’. This cover will typically include losses arising from events that close or severely disrupt operations. The COVID pandemic has already led to many claims under this. The insurance industry (as you might expect?) has warned that few policies are likely to…

Super early retirement? – Not if under 47 now

The government is to increase the earliest age pension savers can access their pension pots from 55 to 57, wef 6 April 2028. Members of the firefighters, police and armed forces public service schemes will not be affected by this increase.

Budget: “Hooray for AIA!”

In the Chancellor’s Budget on 27 October 2021 it was announced that the planned date for reducing the Annual Investment Allowance limit from £1m to £200k is being extended from 1 January 2022 to 31 March 2023. This will effect businesses who are planning on investing more than £200k in plant and machinery from January…