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Specialists in Logistics & Transport Law - Call 01254 828300

2019 Financial Standing Levels

The 2019 financial standing levels for standard operator licence holders and applicants have been confirmed.

The revised criteria will apply to existing haulage, bus and coach operators and new applicants, with the rates coming into effect on 1 January 2019.

Operators will be required to show access to £8,000 for the first vehicle (previously £7,950) and £4,450 (previously £4,400) for each additional authorised vehicle thereafter to satisfy the financial standing requirements.

The rates are calculated each year against the Euro exchange rate as required under EU Regulation 1071/2009.

Currently, there will be no change to the rates of finance which must be available for a restricted licence or application.

Please contact a member of our regulatory team on 01254 828300 if you would like further information.

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