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New rates will apply to existing licence holders and new applicants

The financial standing rates for operator licence holders and applicants have been confirmed. 

Restricted

£3100 for the first vehicle & £1700 for each additional vehicle

Standard

£7950 for the first vehicle & £4400 for each additional vehicle

Applicants and existing operators will be asked to produce evidence meeting the revised criteria in preparation for the 1 January 2018 deadline, when the new financial standing levels come into force.

New rates will apply to existing licence holders and new applicants

The financial standing rates for operator licence holders and applicants have been confirmed. 

Restricted

£3100 for the first vehicle & £1700 for each additional vehicle

Standard

£7950 for the first vehicle & £4400 for each additional vehicle

Applicants and existing operators will be asked to produce evidence meeting the revised criteria in preparation for the 1 January 2018 deadline, when the new financial standing levels come into force.