On 1 January 2016, revised financial standing levels for standard national and international operator licence applications and continuations came into force.
This means that when you submit an application for extra vehicles, or if you have to get a new licence, you’ll be asked to show financial evidence at the new reduced rates:
No change to the rates of finance needed to support a restricted licence
There will be no change to the rates of finance needed to support a restricted licence. This will remain at £3,100 for the first vehicle and £1,700 for each additional authorised vehicle.
Further guidance is available in the Senior Traffic Commissioner’s Statutory Guidance document on finance.
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