Road Haulage

With specific issues relating to diesel prices, technology and the current economic conditions dampening demand, road hauliers should be looking to minimise their overall tax leakage by engaging with a firm of pro-active accountants.

Those in this sector tend to be interested in our services relating to:

Compliance Services

Outsourced Services

  • Payroll,
  • Recovery of VAT charged on expenses incurred abroad,

Advisory Services

  • Vehicle purchase capital allowances,
  • Assistance with vehicle replacement cycle,
  • Cash flow management and invoice discounting / debt factoring,
  • The setting up of self- billing agreements with customers and suppliers, which are VAT compliant,
  • Introduction of an owner driver set-up, saving employer;s national insurance,
  • Comparing the overall tax position when operating as a limited company versus a sole trader or partnership,
  • Claiming the maximum tax relief for subsistence and overnight expenses,
  • Computerised back-office book-keeping and front office billing / scheduling systems,
  • Tax planning.

Haulage clients who are fearful that their tax affairs may be enquired into, may wish to consider taking out our tax investigation insurance, before we submit their tax returns to HMRC.

Haulage is a sector with unique accountancy requirements. Instruct us to act for you, and rest assured that we will understand your business and look after your best interests. We will be pleased to provide referees, from other haulage businesses, once we have received their permission, if you require.

Client Review

Knowles Transport would like to commend all the fantastic companies that it works with on a daily basis for all of their support and help, that enables it to deliver its complex range of services. Alex would like to give special thanks to Whiting & Partners, who is Knowles' longest standing service providers, having worked with Knowles for the last 60 years. Their accountancy service and advice have kept Knowles in good stead for a long period and allowed us to continue to reinvest and grow our business on sound accountancy advice. Long may our relationship reign.

Latest Blogs in Road Haulage
Andrew Band
4th January 2018 EU competition infringements by European truck manufacturers

  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…

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Chris Yarrow
26th September 2016 Labour Market Shortages

Lorry Driver Shortage: Will Government resolve crisis? The lack of HGV drivers has very much been the word on the street for a significant length of time and we have seen over the past few years this progress to what those who work in the industry perceive as a potential national crisis. The UK’s supply…

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Chris Yarrow
24th July 2016 Insurance Premium Tax

Lorry Insurance: costs set to rise from 1 November 2015. In this year’s Summer Budget the Chancellor announced a 58% increase to Insurance Premium Tax (IPT), raising the current rate of 6% to 9.5% with effect from 1 November 2015. The 2015 RHA cost tables detail the average insurance premium for a 44t lorry at £3,675,…

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Chris Yarrow
14th July 2016 Remote Working

On the Road: And in the cloud? Road hauliers, both big and small, can enjoy the advantages of a cloud based accounting system. For the small operator, with say 4 or 5 vehicles, who is actively on the road, a cloud based system such as Xero or Quickbooks online will provide the ability to raise…

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Chris Yarrow
12th April 2016 Employment Status Anti-Avoidance

Self-Employed Lorry Drivers: Beware HMRC crackdown. HMRC have written to the RHA about the tax status of lorry drivers. The letter outlines the key points of HMRC rules in this area and suggests that a lorry driver is unlikely to be self-employed unless he is an owner driver. HMRC is particularly concerned about some ‘avoidance…

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Chris Yarrow
23rd March 2016 Cost Management

Road Hauliers: Fuel optimisation ideas. A further freeze on fuel duty along with the rates of HGV VED and Road user Levies in the March 2016 Budget were welcome news for Road Hauliers. The government followed on by saying that over the last 6 years operators have on average saved a total of £14,400 on…

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Chris Yarrow
8th October 2015 Haulage Tax Relief

Love the Lorry:  National lorry week (26-31 October). The Road Haulage Association is calling on all members all over the country to get involved with its national week-long awareness campaign to educate the British public about trucks and is inviting hauliers to sign up on The savvy haulier will be aware of recent changes…

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Chris Yarrow
18th August 2015 More Red Tape

Road Haulage: Driver fines on the rise. Jack Semple from the RHA published a video on the rising fines for drivers on 5 August, which can be found at: Key points discussed are fines for drivers who are found with migrants in their vehicles and the increase of 50% on last year in the…

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Chris Yarrow
11th August 2015 Diesel Compliance

Hauliers: HMRC introduce roadside fuel testing Operators will be interested to hear that HMRC announced on 28 July 2015 that new hi-tech equipment has been introduced to allow officers to test heavy goods vehicles at the roadside for illicit diesel. As HMRC will be ‘keen’ to use the new technology, it is envisaged the number…

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Ian Piper
13th December 2012 R&D Tax Relief

Maximise R&D Tax Relief Claims. With the ability to now claim 225% tax relief on eligible costs, those making such R&D claims will need no convincing of the merits of including as much as possible within the claim. Areas, often over-looked, where this claim can be increased include: Claiming relief on all reimbursed expenses paid…

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