We find that companies from all sectors have the potential to claim UK R&D tax relief. For tax purposes the definition of R&D is very broad. We know that logistics businesses of all kinds are benefitting from innovative technology which is constantly streamlining their processes and allowing them to work more efficiently at greater scale. R&D claims can come from all types of improvement, however small, and we see this happening in all aspects of the logistics industry. It’s not […]
Pressure is mounting on the DfT and Treasury to ringfence the money raised by the HGV Road User Levy for the benefit of the road transport sector. The levy, which could begin in April 2014 if approved by Parliament, and will see operations pay a daily charge of up to a £10 or a maximum of £1,000 a year per truck to use of UK roads, is expected to raise net revenues of £20m. Almost all of this will be […]
Two diesel laundering plants capable together of producing more than 15 million litres of illicit fuel a year have been discovered and closed in Co Armagh, Northern Ireland. Officers from HMRC and the Police Service of Northern Ireland found one plant hidden in a shed at a private address in Cullyhanna; while the other was discovered in an unrelated operation next to a private address in Middletown. Three tonnes of toxic waste – a by-product of the laundering process – […]
The 3.5% hike in insurance premium tax (IPT) that came into effect at the beginning of November could be just “the tip of the iceberg” in terms of increasing insurance costs for truck operators, a leading commercial vehicle insurer has warned.