In December 2017 the Office of the Traffic Commissioner issued the 2018 financial levels for commercial vehicle operators. These revised financial levels came into effect on 1st January 2018. Applicants and existing operators must now meet the new requirements.
The revised financial levels for standard national and international licence applications and operators are:
First vehicle £7950 £7850
Additional vehicle £4400 £4350
There is no change for applicants or holders of restricted licences. The levels remain at £3100 for the first vehicle and £1700 for each additional vehicle.
If you have any concerns or questions regarding the financial requirements, or would like us to carry out a business/financial ‘health check’, please contact a member of our Transport Team at either our Milton Keynes office 01908 202150 or Cambridge office 01223 411421. Alternatively, contact directly by email: