Business, Taxation & Finance Guide for heavy goods vehicles (hgvs) 2024 TO 2025

Updated: March 2024

Transporting goods easily and safely across countries is essential for supply-chain stability and economic growth. With increasing pressure to reduce CO2 emissions from both customers and government policies, making the right vehicle choice is now even more important to HGV Fleet operators.

This guide walks you through what the automotive funding and tax implications are for businesses purchasing new vehicles and, more importantly, what this means in a day-to-day context.

HOT TOPICS

From Clean Air Zones and Intelligent Speed Assistance to access to EV charging, these are the hot topics impacting business car drivers today.

FINANCE PRODUCTS

Guide business customers to the right finance product for their commercial needs with this summary of: Contract Purchase; Hire Purchase; Contract Hire (Operating Lease) and Finance Lease.

COMPANY TAXATION

Whether it’s Income Tax for sole traders and partnerships or Corporation Tax for limited companies, keep up to date with the latest tax rates.

TAX ALLOWANCES

Regardless of whether a vehicle is purchased or leased, these are the latest Capital and Revenue Allowance rates that businesses can claim back from HMRC.

HGV SPECIFIC TAXES

HGV Specific Taxes vary depending on max loaded weights, the number of axles and suspension types. Use this section to access the latest Vehicle Excise Duty and HGV Road Usage Levy rates. 

USEFUL CONTACTS

From the DVLA to the Road Haulage Association, this is a guide to some of the UK’s biggest automotive organisations, both in Government and the private sector.

GLOSSARY

Your A-Z on all technical terms relating to UK Automotive Business and Commercial Vehicle Finance.