News story

2018 financial levels confirmed for commercial vehicle operators

Revised criteria applies to existing haulage, bus and coach operators and new applicants.

lorry

皇冠体育app Office of the Traffic Commissioner has today (7 December 2017) confirmed that operator licence applications and continuations will now be processed against the 2018 financial levels.

Applicants and existing operators will be asked to produce evidence meeting the revised criteria in preparation for the 1 January 2018 deadline, when the new financial standing levels come into force.

Standard national and international licence applicants will be required to demonstrate 拢7950 (previously 拢7850) for the first vehicle and 拢4400 (previously 拢4350) for each additional vehicle they request to be authorised.

Operators making variation applications will be required to demonstrate financial standing for their existing fleet and any additional authorisation against the new levels.

Any applicant or licence holder appearing at public inquiry before a traffic commissioner after 1 January 2018, where additional evidence of financial standing is requested, will be required to satisfy the new levels.

皇冠体育appre is no change to the rates of finance which must be available to support a restricted licence or application: 拢3100 for the first vehicle and 拢1700 for each additional authorised vehicle.

皇冠体育app Senior Traffic Commissioner鈥檚 statutory guidance document on finance has been also amended to reflect the new rates.

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Updates to this page

Published 7 December 2017