Essential information for end of life vehicle dismantling, depollution and recycling

Adam Hewitt
SYNETIQ
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The hidden economy: new legislation to stop non-compliant traders operating

A legislative measure to make it more difficult for non-compliant traders to operate in the hidden economy will take effect in April 2022

 

hidden economy cars piled up

The government released its Overview of Tax Legislation and Rates on 11th March which sets out the detail of each tax policy measure announced at Budget 2020. 

Section 2, Avoidance, Evasion and Non-Compliance under Measures not in Finance Bill 2020, point 2.50 states:

Conditionality: hidden economy – As announced at Budget 2020, the government will legislate in Finance Bill 2020-21 to make the renewal of licences to drive taxis and private hire vehicles (PHVs, for example, minicabs), operate PHV firms and deal in scrap metal, conditional on applicants completing checks that confirm they are appropriately registered for tax. Licensing bodies will have to obtain confirmation that an applicant has completed the check before making a decision on their renewal application. This measure will make it more difficult for non-compliant traders to operate in the hidden economy and help level the playing field for the compliant majority. These changes will take effect in England and Wales in April 2022.

The government is considering extending this reform to Scotland and Northern Ireland in the future and will work will the devolved administrations to this effect.’

To see the full report, go to www.assets.publishing.service.gov.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.