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Transport and Logistics News

We act for a large number of transport and logistics firms across all three of our offices

Self-driving lorries heading to UK roads by the end of 2018

Self-driving convoys of lorries are set be tested on some of Britain’s public roads late next year, after similar testing was carried out in Europe two years ago. The trucks will be wirelessly linked, which will allow them to synchronise braking and...

How to value your road haulage business this summer

The summer vacation can be a time of reflection for the business owner. Away from the day to day demands of the office, there is chance to give an overview of how that business is performing, where it is heading over the coming years, and what that...

What businesses need to know about the new GDPR

The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will change the way organisations...

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes...

R&D tax incentives – don’t miss out!

Research and Development (R&D) tax incentives can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, many companies wrongly believe they are not eligible for R&D tax...

Hauled before the Commissioner

A recent news release from the Office of the Traffic Commissioner (OTC) has highlighted the need for haulage firms to ensure they have the right working relationship with their drivers. A haulier based in Southampton was given an ultimatum by the OTC to demonstrate...

The Election result: What are the tax implications?

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

Railfreight – Where are we going next?

April saw the publication of Network Rail's Freight Network Study which looked at the current state of the sector, the value of railfreight to the wider economy and identified key priorities for the future. The study recognised both the 70% increase in railfreight...

UK workers at risk as AI and robotic technology advances

Millions of UK workers - mainly those who work in retail and wholesale - are at risk from breakthroughs in AI and robotics, a recent report finds. In the next 15 years, 10 million or more UK workers could be at risk of being replaced by robots as the automation of...

Ask and you will receive… Maybe – Brexit and Transport

With the Prime Minister's finger hovering over the Article 50 trigger, the Freight Transport Association (FTA) launched its Brexit Manifesto in February to outline its "key asks" from the negotiation process. The main themes emerging from the manifesto are: The need...

Transport and Logistics 2017 Budget review and analysis

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...

Reported cut in grant funding for rail freight operators

Proposals announced recently by the Department for Transport may have a major impact on rail freight operators and force more lorries on to the roads. In 2016/17, a total of £19.9m was awarded to freight operators under the Mode Shift Revenue Support Scheme (MSRS)....

Small business 2017 Budget review and analysis for SMEs

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

What’s up the road and down the line in 2017 for transport?

Paul Wormald, Partner and transport specialist at Hawsons, takes a look at what the future may hold for two key elements of the transport sector in 2017. Haulage General economic outlook On a global level, we are predicted to be in for another year of weak if any...

Transport and Logistics Autumn Statement 2016 review

Philip Hammond presented his 2016 Autumn Statement on Wednesday 23rd November. His speech set out both tax and economic measures. In this article we look at some of the measures that may affect the Transport and Logistics sector. In Summary (general): the government...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we expect in the upcoming Autumn Statement?  Craig...

Haulage fleet finance

How to finance a fleet of lorries is a big decision for all haulage businesses and there is a lot of advice floating around about how to finance vehicles. Tractor units cost money and the numbers are never small! The options available all have their good and bad...

Avoiding Grant Gremlins

Grant audits and examinations can be highly technical, specialised, and subject to very detailed reporting requirements and specified work programmes. Below we highlight 6 practical points to help you avoid those 'Grant Gremlins' that can cause hold ups in reporting...

New polymer banknotes start circulation with £5 note

The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more durable than the old banknotes and can withstand getting...

Brexit: implications for rail, haulage, aviation and ports

It has now been over a month since the UK voted for Brexit and many business that operate in the UK transport and logistics sector may still be thinking about how Brexit may impact them. In general, there is a balance between the common perceived benefits of EU...

Challenges for transport and logistics firms in 2016

Employing more than 1.8 million people across the UK and servicing nearly every other commercial sector, transport and logistics firms continue to be very important to the nation’s growth. Confidence remains cautiously optimistic in the sector with continuing...

Keep on route through the haulage tax minefield

There have been some recent changes in the employment tax landscape affecting the road haulage industry and keeping the right side of the pitfalls could prove trickier than negotiating the M25 on a Friday afternoon. The key areas of risk for hauliers centre around the...

R&D Tax Relief – the perfect time to claim

Research and Development (R&D) Tax Relief can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, R&D claims are often overlooked, and many companies that would be eligible...

Brexit: tax implications as the UK votes to leave the EU

From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline now though is of course that the UK has voted to leave the...

£17m funding available for training in the Sheffield City Region

Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m fund - new for 2016 - comprising of funding from the European...

New EU GDPR rules – 12 things you should be doing to prepare

After over four long years of political processes, detailed discussions and business lobbying, the final text of the new EU General Data Protection Regulation (GDPR) rules was released in April 2016. As nearly all businesses and other entities use some form of...

The Shaw Report’s recommendations – an accountant’s perspective

March 2016 saw Nicola Shaw’s much anticipated report into how Network Rail should be financed in the future published - "The Shaw Report" - formally entitled The Future Shape and Financing of Network Rail. The need for The Shaw Report was prompted by the decision by...

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