Now is the time?

UK PROFESSIONAL DRIVERS FORUMS OWNER AND FLEET OPERATORS FORUM (INTERACTIVE)
181

ibson:
I must say it’s interesting to hear people’s difference in opinions, I’m definitely a fan of LTD company’s, and one point made about ltd company’s being more secure, and then someone said that’s what insurance is for. There is a lot more at stake than just the load, it’s truck finance, possible mortgages and other loans that may not be as secure, also anything freak that might happen, insurances company’s love to wriggle out of paying money if they can, we all probably think we are covered by something we are not, or not covered under certain circumstances. As a company expands there are usually more dangers, and anyone who doesn’t want to limit their risk is crazy in my mind!

Yes, that would be the ultimate nightmare, some unforeseen event where the protection I thought I had in place, i.e. insurance etc failed, and I was left looking at some type of hefty claim against me personally. As these things do take time to go through the process, that would hopefully give me time to transfer as much as possible out of the company, and then fold it.

ibson:
For me most of Harry’s points and views are similar to my own, the advantages for me, and its just for me… Far out weigh the disadvantages. I’m not knocking sole traders, if it works for you then that’s why you do it obviously, and I would never try to convince you to change.

Exactly that, if I say I am doing X, then there is no implication there that anyone doing Y or Z is wrong/stupid etc. I did work for many years for a thoroughly decent bloke who ended up losing his house, which was only months away from being paid for, due to a combination of unfavourable and unpredictable events, because he was operating as a sole trader. He accepts himself that he should have gone Ltd Co long before when the fleet started to grow, but things seemed bright and rosy at the time and he didn’t see the need to go through all of the palaver. I see my decision at least partly as learning from his mistake.

Probably with only one truck it does make little difference, but it is my eventual intention to expand (I have a licence for three vehicles at the moment) and it just seemed to me to be better to trade as a Ltd Co from the outset. But as I said, other people who go down the sole trader route are not “wrong”, just making the choice that they feel is right for them.

182

ibson:
insurances company’s love to wriggle out of paying money if they can, we all probably think we are covered by something we are not, or not covered under certain circumstances.

I don’t know if this is true (but have no reason to suspect that it isn’t) but I read on another forum about somebody whose car was stolen and found burnt out. He claimed on the insurance but the insurance company refused to pay out because the car had been fitted with a towbar, and the proposer had not informed them about this. They took the view that this was a vehicle modification that they had not been told about, that having a towbar made the vehicle more valuable and therefore more susceptible to theft.

183

I can believe them pulling that line.

184

Don’t worry everyone, I’m sure Carryfast will be along soon to tell you lads how to do it properly. we should now find out if he uses the search function to search his own name!

185

switchlogic:
Don’t worry everyone, I’m sure Carryfast will be along soon to tell you lads how to do it properly. we should now find out if he uses the search function to search his own name!

oh do hurry up carryfast and tell , :laughing: :laughing: :laughing: :laughing:

186

Oh how the irony of this whole thread makes me giggle … :grimacing:

187

He has give us a few jems bit about trains and the need to run a drawbar pulling a 45 ft trailer and run at eastern euro rates obviously a6x4 kenworth is the truck needed and jimmy saville is in charge of running his firms Xmas party.

188

kr79:
He has give us a few jems bit about trains and the need to run a drawbar pulling a 45 ft trailer and run at eastern euro rates obviously a6x4 kenworth is the truck needed and jimmy saville is in charge of running his firms Xmas party.

You forgot the most important bit about getting rid of road fuel duty and VAT.Although I’d bet that you’d be one of those saying no keep it as it is because everyone would be worse off if it’s removed. :open_mouth: :smiling_imp: :laughing:

189

Carryfast:
You forgot the most important bit about getting rid of road fuel duty and VAT.Although I’d bet that you’d be one of those saying no keep it as it is because everyone would be worse off if it’s removed. :open_mouth: :smiling_imp: :laughing:

Hauliers would be no better or worse off because rates would move downwards to reflect the lower cost of fuel. The end consumer would be no better off because although goods would become marginally cheaper at the supermarket till, taxes would need to be raised elsewhere to make up the shortfall.

Possibly we could build a guillotine, cut off the heads of the rich and then divi up their money, I believe the French tried this and it did bring some improvement to the lives of the lower orders although I am sure that these days, and in this country, the lower orders would be unreceptive to such an idea. :wink:

190

And so we find out that Carryfast searches for his own username. Not like being left out old chap.

191

Harry Monk:

Carryfast:
You forgot the most important bit about getting rid of road fuel duty and VAT.Although I’d bet that you’d be one of those saying no keep it as it is because everyone would be worse off if it’s removed. :open_mouth: :smiling_imp: :laughing:

Hauliers would be no better or worse off because rates would move downwards to reflect the lower cost of fuel. The end consumer would be no better off because although goods would become marginally cheaper at the supermarket till, taxes would need to be raised elsewhere to make up the shortfall.

Hauliers would be better off if road fuel taxation was put on income tax because as it stands at present it just acts a disincentive to send freight by road from the customers’ point of view when there are other alternatives which avoid such tax such as rail and air freight.Which also results in a form of tax avoidance.

If you’re right then you’re effectively saying that it would make no difference whatsoever to the road transport industry even if road fuel taxation was doubled from it’s present levels and that such an increase wouldn’t result in even more of an incentive for customers to send freight by other untaxed methods wherever possible resulting in even more road transport operators giving up because the figures don’t add up. :unamused:

Having said that it might be possible to fix some of the issues by imposing the same rates of fuel duty and taxation on all modes of transport thereby producing a level playing field in regards to fair competition between all those different modes and increasing tax revenues.In which case it’s my bet that those operators in those other transport industries wouldn’t see it your way. :bulb:

192

Carryfast:
Having said that it might be possible to fix some of the issues by imposing the same rates of fuel duty and taxation on all modes of transport thereby producing a level playing field in regards to fair competition between all those different modes and increasing tax revenues.In which case it’s my bet that those operators in those other transport industries wouldn’t see it your way. :bulb:

At the end of the day, my belief is that freight should be moved in the most efficient and least polluting way possible.

If this means 200 containers on a train rather than 200 trucks on the road, then I can fully understand that logic.

Yes, I am a road haulier and yes I would have a vested interest in saying that freight should move by road as much as possible. As things stand though, I am a road haulier second and a rational human being first and I realise that this planet has to be left in as good a condition as possible for those who will follow me after I have kicked the bucket. :wink:

193

Carryfast:
a disincentive to send freight by road from the customers’ point of view when there are other alternatives which avoid such tax such as rail and air
freight.

Ah yes, because air freight is so cheap compared to road. Beats me why I’m currently delivering a load of burgers to the south of France when they could have just popped it on a plane at Dublin.

Oh and to everyone else, I’m so sorry for attracting the resident nutjob to this thread.

194

I take this back

195

Well said Mr Monk! I couldn’t agree more.

196

switchlogic:
Oh and to everyone else, I’m so sorry for attracting the resident nutjob to this thread.

I’ll be honest, although I don’t always agree with Carryfast, his points are always well argued, often backed up with research or experience, considered and polite. In terms of quality I would certainly put his posts in the top 5%.

Unfortunately some members sometimes become the subject of a witch-hunt and human nature being what it is, some other members feel compelled to follow the herd like farmyard animals. :wink:

197

Harry Monk:

switchlogic:
Oh and to everyone else, I’m so sorry for attracting the resident nutjob to this thread.

I’ll be honest, although I don’t always agree with Carryfast, his points are always well argued, often backed up with research or experience, considered and polite. In terms of quality I would certainly put his posts in the top 5%.

Unfortunately some members sometimes become the subject of a witch-hunt and human nature being what it is, some other members feel compelled to follow the herd like farmyard animals. :wink:

Like you attempted to turn some against me you mean for talking about a topic I know about on a topic about that subject? Yeah, exactly.

198

That’ll be the Lemmings Harry , the world is full of them … HTH. :wink:

199

switchlogic:
Like you attempted to turn some against me you mean for talking about a topic I know about on a topic about that subject? Yeah, exactly.

To be honest, I have absolutely no idea what you are talking about although it presumably relates to a thread on TruckNet?

If you want to send me a link to it either in open forum or by PM then I’ll review it. If I said something which was incorrect then I’ll be glad to correct myself.

EDIT. I’ve just had a look and the only thing I can imagine is that it must be about this.

viewtopic.php?f=2&t=85359

I’m sorry if it wasn’t much cop but I genuinely tried my best to help you. :confused:

200

Harry Monk:

switchlogic:
Like you attempted to turn some against me you mean for talking about a topic I know about on a topic about that subject? Yeah, exactly.

To be honest, I have no idea what you are talking about although it presumably relates to a thread on TruckNet?

If you want to send me a link to it either in open forum or by PM then I’ll review it. If I said something which was incorrect then I’ll be glad to correct myself.

‘Then I’ll review it’. Ok it relates to a topic about homosexuality and you attacking me for putting my point across on this subject I clearly have some experience of. You came across as a bigot and went from being a Trucknet member I previously thought well of directly to the bottom with the likes of Carryfast as Keebs26uk. Both bigots.