Road Haulage

Many challenges face the haulage sector with increasing competition from the UK and Europe as well as pressures on fluctuating fuel prices and the threat of increased road tolls and charges.

We work with a range of businesses of all sizes and we are members of the Road Haulage Association (RHA) providing our team with both the expertise and knowledge of the latest developments within the industry.

Using this industry knowledge, we provide an array of advisory and compliance services to help clients to improve operational efficiencies and structures, maximise profits and generate shareholder value.

As experts in the industry we offer support with aspects including:

  • Fundraising
  • VAT advice
  • Mergers and acquisitions
  • Compliance and Tax planning
  • Audit
  • Payroll and bookkeeping services
  • Cash-flow management

 

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
 
Philip Peters
16th November 2020 Planned Large CapEx? HMRC extend Annual Investment Allowance

Those businesses that have large capital expenditure spends each year, such as manufacturers and farmers, will be aware that there has been a very generous capital allowances tax regime in recent years, currently allowing year 1 tax relief on eligible purchases up to £1m pa. This generosity was scheduled to be reduced wef 1 January…

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Ian Piper
18th November 2020 BREXIT: What changes for SME’s?

As 1-Jan-21 draws ever nearer, and no trade deal with the EU has yet been agreed, what definite business process changes should UK SME’s start to now understand and prepare for: Exporting Goods to the EU  Apply for an EORI number (which starts with GB). Check whether what you sell is a restricted good that…

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Ben Beech
2nd November 2020 Annual Investment Allowance (AIA) Decrease

The annual investment allowance (AIA) limit is currently due to decrease from £1 million to £200,000 from 1 January 2021. Many businesses will have deferred decisions about purchasing capital equipment this year as a result of the COVID-19 pandemic, leading to a number of professional bodies urging the Chancellor to postpone this decrease. However, it…

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Ian Piper
9th October 2020 Pre-Packs: All change?

After many years of perceived abuse, the Government has announced that they are soon to introduce new laws to require stricter, independent, scrutiny where connected parties purchase a failed business out of liquidation. In announcing the move, the government said that while pre-pack administration sales are widely considered to be a valuable rescue tool, concerns…

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Paul Jefferson
26th June 2020 Delaying Import duty and VAT

HMRC have implemented measures to assist businesses that are registered importers who pay VAT and Duty at the time of import and are facing financial difficulties as a direct result of Coronavirus.   What to do if you’re a Duty deferment account holder   You can contact HMRC for approval to enter into an extended…

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Lisa Smith
15th April 2020 COVID-19 – VAT Relief on Bad Debts

At a time when cash flow is key, don’t forget to claim VAT relief on bad debts when preparing your VAT return.  To claim relief, a debt must have remained unpaid for a period of six months from the later of the date payment was due or the date of the supply. If all or…

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Andrew Band
2nd November 2018 Increase in Annual Investment Allowance

The government has announced an increase in the Annual Investment Allowance (AIA) to £1 million in relation to qualifying expenditure incurred from 1 January 2019. Since 1 January 2016 the AIA limit has been £200,000.  It may be worth deferring planned significant capital expenditure as, I am sure you will agree, the additional £800,000 relief…

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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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Mark Haydon
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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Mark Haydon
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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