More Tax Breaks for Cleaner HGVs on the Roads

Haulage work is in overhaul as cleaner HGVs set to receive significant tax cut whilst dirtier models incur more costs. Find out more here.

ID: 1536402
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(businesspress24) - The UK government has signalled a tax overhaul for the HGV industry to be implemented by February 2019. This will see environmentally-friendly HGVs rewarded and older models punished. These reforms will be made through the Heavy Goods Levy to ensure that all haulage work uses the cleanest lorries available to the mass market.

The government plans to implement a tax rate change to HGVs. The new standard will see lorries that meet the latest Euro VI emissions target given a 10% discount on the HGV Road User Levy. These greener lorries will face a charge of nd higher environmental vehicle grades.

The policy attempts to internalise the negative externalities of increased nitrogen emissions produced by dirtier HGVs. The greener models produce a whopping 80% less of the noxious pollutant. Haulage work is responsible for a damning fifth of the harmful pollutant from road transport annually, despite covering just 5% of the total miles.

In response the Road Haulage Association, the biggest of its kind in the United Kingdom, expressed significant concern at the government


The government clearly thinks that the progress made in the industry has not gone anyway near far enough. Continuing his statement of concern, Richard Burnett, the Road Haulage Associatione of extra costs. The tax has also raised concern in the business community that any extra costs faced by hauliers will have to be passed on to customers in the form of higher prices.

The HGV Road User Levy is a relatively new tax which was implemented in the coalition year of 2012. It was developed as a means to make HGVs accountable for the extra stresses they place on Britainaulage work.



More information:
http://www.haulageexchange.co.uk/



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Norman Dulwich is a Correspondent for Haulage Exchange, the leading online trade network for the road transport industry. Connecting logistics professionals across the UK and Europe through their website, Haulage Exchange provides services for matching haulage work with available drivers. Over 5,000 member companies are networked together through the Exchange to fill empty capacity, get new clients and form long-lasting business relationships.

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Date: 05/24/2018 - 11:18
Language: English
News-ID 1536402
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