EU competition infringements by European truck manufacturers

4th January 2018

 

The European Commission imposed fines of €3.4 billion in July 2016 and September 2017 following findings that a number of manufacturers were party to a cartel at senior management level from 1997-2001.

Breakdowns of the fines for the companies involved were as follows:

  • Daimler/Mercedes – €1 billion
  • Scania – €880 million
  • DAF – €752 million
  • Volvo/Renault – €670 million
  • Iveco – €495 million
  • MAN – fine of €1.2 billion reduced to zero as immunity applicant

The findings from the European Commission’s report stated the manufacturers were engaged in various coordinated practices including:

  • Aligning their gross list prices at the start of the cartel
  • Increasing gross (and sometimes net) list prices
  • Agreeing the cost that truck purchasers should be charged for emissions technologies (Euro 3, 4, 5, and 6)
  • Delaying the introduction of the emissions technologies

Claim for compensation

The RHA (Road Haulage Association), which are the dedicated trade body for road haulage in the UK is bringing a group claim for compensation on behalf of operators.

The objective of this claim is to ensure that businesses are awarded compensation for the difference between what was paid for trucks purchased and what would have been paid if the Truck Cartel had not existed.

Next steps

We are already working with some of our clients to identify applicable expenditure.  If you think that you may be entitled to claim, or if you would like advice please contact your usual Whiting & Partners representative who will be happy to support you in the next steps.



 
Other items in Blogs
 
Jason Jones
30th July 2018 Tax Rules on Holiday Homes

So, you enjoyed your break in a holiday cottage to the extent that you’re considering investing to make money from a similar property of your own. Jason Jones has this advice because a Furnished Holiday Let is a special type of property business where very different tax rules apply.   These Lets can be seen…

Read More »

Ben Kilby
23rd July 2018 MTD for VAT – FARMPLAN READY!

As of 18 July 2018, HMRC has issued a list of software suppliers supporting Making Tax Digital for VAT. Amongst the list is Farmplan, the only agricultural software supplier. Farmplan has met the criteria HMRC have stipulated for Beta testing. It shows that Farmplan is committed to providing software that is compatible for MTD for…

Read More »

James Cater
29th June 2018 Understanding Tax Relief Restrictions

Although we hear of decline in the value of development land, particularly for larger developments, growing houses continues to be more attractive to many than growing crops. Onerous Section 102 levies may apply but the tax regime remains gentle. It should not however be assumed that tax reliefs will be available automatically. Legislation imposes qualifying…

Read More »

Vanessa Pearson
28th June 2018 Career Change? Think Contracting.

There are many benefits over employment, writes Whiting & Partners Contract Specialist, Vanessa Pearson   Changing careers can be a challenge but leaving the employment wage treadmill to become a contractor can increase your earnings, saving on tax and national insurance as well as providing more flexible working hours. Contractors are essentially self-employed individuals who…

Read More »

Daniel Coleman
28th June 2018 Making Tax Digital – Moving Your Company Forward

You, like many businesses have been successfully running for years, maintaining your books and records and submitting correct VAT returns, in turn ticking all the necessary boxes and satisfying HMRC. However, the introduction of MTD will mean a ‘shake up’ to your current methods and may require you to adopt software for the first time.…

Read More »

Philip Peters
28th June 2018 Trading Allowances Change

Do you remember when eBay first emerged and become a revolutionary trading platform for buying or selling and, yes, turning a profit? As social-media has expanded, so have trading websites to the extent that there’s hardly a town, village or group that does not have a ‘buy’n sell’ page.   HM Revenue & Customs have…

Read More »