Financial standing period of grace extended
A period of grace to demonstrate financial standing has been extended from six months to 12 months by the Senior Traffic Commissioner, Richard Turfitt.
The announcement is an update on the Senior Traffic Commissioner’s coronavirus (COVID-19) statutory document originally issued on 17 March 2020. The update also includes more information about in-person tribunal hearings in England from July 2020 (with hearings in Scotland and Wales likely to start a few weeks later as circumstances allow).
The extension to the period of grace applies to any determination made between 1 March 2020 and 30 September 2020. This is intended to give operators the opportunity to recover their finances during the extended period following the resumption of normal trading as the lockdown eases. The Traffic Commissioner’s Office advises telling your relevant Traffic Commissioner if you are experiencing any issue in meeting the financial standing requirement. The condition on your licence gives you a month to notify changes. The TC is likely to be sympathetic and will seek to assist wherever possible, especially given the difficulties arising from COVID-19.
If you can no longer meet the financial standing requirement, you are advised to contact the Office of the Traffic Commissioner at [email protected] for advice.