Vehicle additional tax rate
Discussion
The next time I tax my car it will be a joyous occasion as I'm finally in the year the additional tax rate will expire.
Over a full year that takes it from £546 to £165 on current rates
I pay by direct debit and wondering if anyone can advise how the payment is structured. I guess it's only people with 2017 cars that will have experience.
In a normal year it is divided by 12 equal payments.
I SORN to March, tax from March, but my anniversary date is not until Sep (68).
How is the payment structured?
Is it a total cost for the year with the Sept reduction factored then /12 - £355 or 29pm??
Or do they take higher payments until August then the full reduction in September? 45pm then £14pm.
Thanks.
Over a full year that takes it from £546 to £165 on current rates
I pay by direct debit and wondering if anyone can advise how the payment is structured. I guess it's only people with 2017 cars that will have experience.
In a normal year it is divided by 12 equal payments.
I SORN to March, tax from March, but my anniversary date is not until Sep (68).
How is the payment structured?
Is it a total cost for the year with the Sept reduction factored then /12 - £355 or 29pm??
Or do they take higher payments until August then the full reduction in September? 45pm then £14pm.
Thanks.
I wonder if I pay it in a lump I'd get the amortised annual rate.
Would save a bit as otherwise it's 6 months as higher rate and 2 months at lower plus the Monthly payment fee.
Saying that, I'd have to piss about with a cheque refund and no guarantee until that cheque comes whether they'll calculate the higher fee and reduce refund accordingly anyway.
Would save a bit as otherwise it's 6 months as higher rate and 2 months at lower plus the Monthly payment fee.
Saying that, I'd have to piss about with a cheque refund and no guarantee until that cheque comes whether they'll calculate the higher fee and reduce refund accordingly anyway.
Rick101 said:
I wonder if I pay it in a lump I'd get the amortised annual rate.
Would save a bit as otherwise it's 6 months as higher rate and 2 months at lower plus the Monthly payment fee.
Saying that, I'd have to piss about with a cheque refund and no guarantee until that cheque comes whether they'll calculate the higher fee and reduce refund accordingly anyway.
I pay with one lump sum and when the final year was up they had already worked out x months at £x and y months at £y, added the two together and that's what I paid in one lump sum. Thankfully it was all at y rate this year! Would save a bit as otherwise it's 6 months as higher rate and 2 months at lower plus the Monthly payment fee.
Saying that, I'd have to piss about with a cheque refund and no guarantee until that cheque comes whether they'll calculate the higher fee and reduce refund accordingly anyway.
Personally I can't understand why anyone would pay monthly. Maybe it works if you SORN it over winter or something. Anyway I guess that's a discussion for another day!!
Good to know.
On monthlies, rarely use car. Will be off road 5 months this year. I could pay in advance but the saving is negligible and it's more hassle to piss about finding and completing the correct form. Going an finding somewhere to buy a single stamp for a quid or whatever it is now and posting a cheque off to the bank hoping it gets there and doesn't get lost.
I like the ease of SORN online and I've paid for what I've had.
On monthlies, rarely use car. Will be off road 5 months this year. I could pay in advance but the saving is negligible and it's more hassle to piss about finding and completing the correct form. Going an finding somewhere to buy a single stamp for a quid or whatever it is now and posting a cheque off to the bank hoping it gets there and doesn't get lost.
I like the ease of SORN online and I've paid for what I've had.
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