Discussion
marshalla said:
They told you that on the renewal notice.
No they dont, I have mine in front of me now for taxing my car at the end of August and its just a standard notice, no mention of the changes that are happening. You have to go to the DVLA website where they do have a very clear page on the change and the very first thing it says is 'From 1 October 2014, the paper tax disc will no longer need to be displayed on a vehicle windscreen. If you have a tax disc with any months left to run after this date, then it can be removed from the vehicle windscreen and destroyed'Dodsy said:
marshalla said:
They told you that on the renewal notice.
No they dont, I have mine in front of me now for taxing my car at the end of August and its just a standard notice, no mention of the changes that are happening. You have to go to the DVLA website where they do have a very clear page on the change and the very first thing it says is 'From 1 October 2014, the paper tax disc will no longer need to be displayed on a vehicle windscreen. If you have a tax disc with any months left to run after this date, then it can be removed from the vehicle windscreen and destroyed'Thanks Dodsy jobs a good en
Sir, I owe you a virtual Pint!
I was today going to finally get around to buying a decent metal anodized tax disk holder for my car with a cheap knackered falling off plastic thing.
It wasn’t until I saw this thread that I remembered that I only have to display it for another month or so.
You just saved me about £15 and a lot of kicking myself
I was today going to finally get around to buying a decent metal anodized tax disk holder for my car with a cheap knackered falling off plastic thing.
It wasn’t until I saw this thread that I remembered that I only have to display it for another month or so.
You just saved me about £15 and a lot of kicking myself
photosnob said:
Quick question, can you set it up so that it's automatically renewed without paying the silly levy for monthly direct debits? I know I'm cheap but I'd rather keep the extra 10 quid or so a year, and still not have the hassle of renewing it.
I've been looking for info on that too, and I haven't seen anything to suggest that it will be possible to renew annually automatically.Sheepshanks said:
photosnob said:
Quick question, can you set it up so that it's automatically renewed without paying the silly levy for monthly direct debits? I know I'm cheap but I'd rather keep the extra 10 quid or so a year, and still not have the hassle of renewing it.
I've been looking for info on that too, and I haven't seen anything to suggest that it will be possible to renew annually automatically.I can see a lot of problems with people being automatically "taxed" for a car they'd flogged months if not years ago.
rs1952 said:
Given the problems that have happened with auto-renewals of insurance.
I did think about that - I was going to comment that auto-renewal of insurance seems to be waning, although personally I think it's a good idea.I guess the problem with car tax at 12 months is many people will have changed address, banks etc, so people might think their car has been retaxed and will be unhappy to find it hasn't happened and they've been penalised. As it's a Government body, MPs will bear the brunt of complaints.
photosnob said:
QBee said:
While we are on the subject, do we know if there will be a premium for monthly direct debits, and if so, how much? I did look but could not find it.
The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
5%The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
QBee said:
photosnob said:
QBee said:
While we are on the subject, do we know if there will be a premium for monthly direct debits, and if so, how much? I did look but could not find it.
The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
5%The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
Sheepshanks said:
QBee said:
photosnob said:
QBee said:
While we are on the subject, do we know if there will be a premium for monthly direct debits, and if so, how much? I did look but could not find it.
The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
5%The present 40% APR charge for paying the year's tax in two 6 month instalments is daylight rubbery.
ignore the first 1/12th, it is on the same day you would have paid the full 12 months.
So you are "borrowing" the other 11/12ths for periods ranging from 1 month to 11 months. Average period 6 months.
Using £120 as the car tax figure (makes the maths easier), under direct debit you will be paying £120 plus 5% = £126 in total, £6 "interest". So in effect you are paying £6 to borrow £110 for an average of 6 months, which equates to £12 to borrow £110 for 12 months. £12/£110 = 10.9090909%
That's why I describe the present 6 months tax as 40% APR interest rate.
If you buy your tax as two 6 months disks under the present system, and the annual fee is £200, you will pay £110 twice, which equals £220. So £20 interest, or 10%. Er, no.
Because, you are only "borrowing" half the money, £100, and only borrowing it for 6 months, which is when you make the second payment.
So if you think of it as interest, rather than admin charge, you are paying £20 to borrow £100 for 6 months, which is a rate of 40% per annum.
If you buy your tax as two 6 months disks under the present system, and the annual fee is £200, you will pay £110 twice, which equals £220. So £20 interest, or 10%. Er, no.
Because, you are only "borrowing" half the money, £100, and only borrowing it for 6 months, which is when you make the second payment.
So if you think of it as interest, rather than admin charge, you are paying £20 to borrow £100 for 6 months, which is a rate of 40% per annum.
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