So…did you know that there is now less than 2 months to go until the ULEZ is introduced in central London?
No? Well if you make regular trips into London, personally or for business, then make sure that 8th April 2019 is rubber stamped in your diary as from midnight on this day most vehicles will need to meet new, more stringent exhaust emission standards to travel within the area of the ULEZ.
This zone will encompass all central London including Hackney, Islington, Camden and the City of Westminster.
This will impact your business!
If your vehicles do not meet the new emissions standard, then you will be required to pay a daily charge:
For most vehicle types including cars, motorcycles and vans (up to and including 3.5t) this will be £12.50.
For heavier vehicles, including lorries (over 3.5t) and buses/coaches (over 5t) this will be £100.
Be aware - cameras will be in operation to read number plates as they enter the new zone. If your vehicle is found to be non-compliant, and you haven’t paid the daily charge, then you will incur a penalty charge:
For most vehicle types including cars, motorcycles and vans (up to and including 3.5t) this will be £160 (reduced to £80 if paid within 14 days)
For heavier vehicles, including lorries (over 3.5t) and buses/coaches (over 5t) this will be £1,000 (reduced to £500 if paid within 14 days)
I’ve included a table below which sets out the new standard for each vehicle.
If you are unsure whether your vehicles are compliant then you can use the TfL online compliance checker - https://tfl.gov.uk/modes/driving/ultra-low-emission-zone/check-your-vehicle.
If you have clicked on the link above and found that your fleet does not meet the new standards, then you may want to look at upgrading to avoid incurring the new daily charges.
PVS understands that not all businesses have the cash reserves readily available to invest in new vehicles and this is where we can help. Paul Tregale heads up our asset finance brokerage division and can assist private individuals, sole traders, partnerships and Ltd Companies to obtain the right finance package to fund almost any asset including new cars, LCVs, HGVs, coaches and specialist vehicles.
This is a great time to consider asset finance due to the incredibly low interest rates and generous tax breaks currently on offer. It is also a way of allowing you to invest in the assets you need to see your business grow and thrive without impacting your cashflow.
ULEZ is the future, as the UK Government tries to tackle the issue of toxic air in our cities. From the 25 October 2021, the ULEZ area will be expanded to include the inner London area bounded by the North and South Circular roads. Many other cities will follow suit so this will continue to shape buying behaviours for fleets operators for many years to come.
Thanks for reading and keep an eye out for our future blogs and white papers via PVS Talks @ www.puddyvsolutions.co.uk/blog/