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+FR1

Why did we classify vehicles as formal and informal?

+FR1 Why did we classify vehicles as formal and informal?

Many businesses manage all kinds of vehicles. And the more we thought about it, we weren’t sure that a one-size-fits-all approach was the right way.

So in this section we’ve suggested that vehicles be classified into two buckets – formal and informal.

Formal vehicles

Anything that requires official registrations and inspections, whether it’s motorised or not.

If it travels on a public road and requires insurance, or does anything serious like carrying passengers or dangerous goods, manage it in: 12.41, 12.42, 12.43, 12.44, and 12.45.

Informal vehicles

These do not fit the above description.

Manage those, as well as any public or shared transport the business uses, in 12.46.

As always, if you can’t decide what goes where, don’t stress. Just make a decision and note what you did in your JDex.