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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

Expenses exemption to replace dispensations from 6 April 2016

Are you aware of the changes to dispensations? In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation...

Commercial Stamp Duty Land Tax changes from the 2016 Budget

Are you aware of the commercial Stamp Duty Land Tax changes that were announced in the 2016 Budget? In "a Budget that backed small businesses" (according to the Chancellor), one of the welcome reforms for businesses and entrepreneurs were the commercial Stamp Duty...

Rail electrification update – where now for CP5?

You may recall that we have published two articles on the electrification and modernisation of the UK’s railways over the last six months – first when the plans were put on pause and, again, when the plans were re-commenced just three months ago. In the latest...

Employment tax update for the haulage sector

Employment tax fraud in the haulage sector Click here to read our updated article on the haulage tax minefield. Fraud involving the tax status of lorry drivers is becoming a serious concern for the transport and logistics sector, according to the Road Haulage...

Transport and logistics 2016 Budget review and analysis

Welcome to our transport and logistics 2016 Budget review Following a year in which the Chancellor had a pre-election Budget in March, a surprise summer Budget in July and an Autumn Statement in November, on 16 March the Chancellor delivered his first Budget of 2016....

Small business 2016 Budget review and analysis for SMEs

Welcome to our small business 2016 Budget review On 16 March, the Chancellor delivered his first Budget of 2016. In the lead up to the 2016 Budget there were a number of potential measures which many small business owners may have been hoping for, including an...

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and Allowances 2016/17 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2016/17 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Is the future with self-driving trucks?

The technology driving the ongoing developments of self-driving trucks is certainly not new, but given the shortage of drivers entering the sector, the continuing need to reduce environmental footprint, the likely substantial safety improvements and the considerable...

Ongoing transportation projects to improve UK links

The Chancellor, George Osborne, has promised to continue to make significant infrastructure improvements a key focus over the next four years through committing billions of pounds to improving the UK’s transportation links. In this article we look at some of the...

Making R&D claims easier for smaller and medium companies

The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief. Claims by SMEs for enhanced tax deductions have more...

New Advanced Assurance scheme for R&D tax relief claims

HMRC have introduced a scheme whereby small companies will be able to seek Advance Assurance on whether the research and development (R&D) they are carrying out qualifies for R&D tax relief. The scheme came into effect from November 2015 and will provide greater...

Coal-burning plants closures impact on logistics

All of the remaining UK coal-burning plants will be phased out within the next 10 years Amber Rudd, Energy Secretary, has announced. In summary, the government has announced plans to close all coal-fired power stations by 2025 and restrict their use by 2023, and this...

Transport & logistics Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen the government commit to investing in the sector, transport & logistics firms were perhaps quite positive about what this year’s Autumn Statement might bring. A...

Big small company accounting changes ahead

Are you ready for the changing landscape of small company accounting? Over the next year or so the statutory accounts that small companies have to prepare and send to Companies House are changing because of revisions to the Companies Act and some connected changes to...

What does the future hold for transport & logistics?

What does the future hold for transport & logistics? The transport & logistics sector is key to both the long and short-term health of our economy. Transport & logistics firms are vital to the nation’s global and domestic competitiveness and its connectivity with the...

Electrification U-turn and its impact on the rail sector

Electrification and modernisation plans re-commenced On, off, on… Just weeks after the General Election, the rail sector was dealt a devastating blow when the government ‘paused’ promised upgrades to major rail lines in the Midlands and the North of England. There...

Where are the drivers of the future for transport & logistics?

Just 2% of all HGV drivers are under 25 - where are the drivers of the future for transport & logistics? It is fair to say that over the last few years there has been a shortage in the number of young drivers entering the transport & logistics sector. A report...

Over £11.4bn in R&D tax relief now claimed

£11.4bn in R&D tax relief now claimed - are you missing out? HMRC has now published its most recent R&D tax relief statistics (2013/14), and the picture remains very positive. The statistics show that companies - both SME and multinational alike - are continuing to...

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

What does the Network Rail ‘pause’ mean for business?

In 2013 a five-year plan was announced to electrify the route from London to Sheffield through the East Midlands. Just weeks after the General Election, where there was a strong focus on the proposal of a Northern Powerhouse to boost economic growth in the North of...

Prompt payment discounts and VAT

If you offer a discount to your customers for prompt payment, the VAT treatment has become quite tricky. For many years UK legislation has allowed suppliers to account for VAT on the discounted price offered for prompt payment even when that discount was not taken up....

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

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