Direct debit set up car tax

[Boforus]

Hi guys, just a quick one, picking up my new car tomorrow and I'm just about to tax it now, however when I try to set up the new direct debit option it states it wont take the money from my account until the 17th of Nov, so will I be taxed between then and the 17th? Or should I just use the one off payment option to guarantee immediate payment?
Thanks!

[HorneyMX5]

I just did mine and received an email saying it's taxed from the 1st so all good.

[s p a c e m a n]

I did mine a few weeks ago and it said that I'm taxed from the 1st but the first payment comes out on the 4th. No idea why, thought maybe that the 4th was a Monday but it's not.

[Boforus]

Just set it up online and its confirmed as being valid as of today, thanks guys!

[Captain Ahab]

Set up my direct debit on Sat 1st. Got the confirmation email but its still showing as untaxed?? 1st payment due on 17th as others have posted . Could it be the amount of people setting up DDs for the delay ?

[s p a c e m a n]

Dunno, just checked mine and it shows that it's been taxed since the 1st (their new beta page is pretty good, first time I've looked at it). If you've got the confirmation email and haven't bounced a payment then would have thought you're sorted anyway. Got internet banking? Mine shows a DD set up for Driver & Vehicle Licensing GBS.

[Zoobeef]

Do you pay extra using a direct debit?

[civicduty]

Zoobeef said:

Do you pay extra using a direct debit?

£9 more for me over a year.

[civicduty]

Also not sure why monthly direct debit is approx £15.75 when times that by twelve equals £189!!

[mattcov]

civicduty said:

Also not sure why monthly direct debit is approx £15.75 when times that by twelve equals £189!!

5% surcharge for direct debit

[timbo999]

mattcov said:

civicduty said:

Also not sure why monthly direct debit is approx £15.75 when times that by twelve equals £189!!

5% surcharge for direct debit

Yeah.... I think its the 'approx' he's commenting on, not the arithmetic!

[s p a c e m a n]

civicduty said:

Zoobeef said:

Do you pay extra using a direct debit?

£9 more for me over a year.

£4.50 cheaper if you set up a 6 month DD

[FurryExocet]

s p a c e m a n said:

£4.50 cheaper if you set up a 6 month DD

Just noticed that, surely that's a mistake?
Mine is due this month, might just not bother 😁

[Red Devil]

FurryExocet said:

s p a c e m a n said:

£4.50 cheaper if you set up a 6 month DD

Just noticed that, surely that's a mistake?

No it isn't. It's a quite deliberate anomaly which has been there from the start.

At present, paying VED bi-annually attracts a surcharge of 10 per cent. Biannual and monthly payments made by direct debit will attract a lower 5 per cent surcharge. - https://www.gov.uk/government/uploads/system/uploa...

Paying 6 months up front costs you more than by DD, so my view is that was designed as a sweetener to persuade people to set one up. Do you really trust the government's most arrogant and incompetent Agency to have access to your bank account?

[Zoobeef]

Even with all that the cheapest way is 12 monthly. I've never bought less than 12 months as I'm too tight :/

[Cyberprog]

Red Devil said:

No it isn't. It's a quite deliberate anomaly which has been there from the start.

At present, paying VED bi-annually attracts a surcharge of 10 per cent. Biannual and monthly payments made by direct debit will attract a lower 5 per cent surcharge. - https://www.gov.uk/government/uploads/system/uploa...

Paying 6 months up front costs you more than by DD, so my view is that was designed as a sweetener to persuade people to set one up. Do you really trust the government's most arrogant and incompetent Agency to have access to your bank account?

Thank god for the DD Guarantee!

[Vaud]

Cyberprog said:

Thank god for the DD Guarantee!

Quite. The easiest reversal of inaccurately taken funds...

[anonymous-user]

Zoobeef said:

Even with all that the cheapest way is 12 monthly. I've never bought less than 12 months as I'm too tight :/

12 monthly DD works out at 75p/month extra than paying off in one hit. No brainer, pay-as-you-go motoring. They're getting set up for road pricing...!!

[Vaud]

OpulentBob said:

They're getting set up for road pricing...!!

They aren't.

[anonymous-user]

Vaud said:

OpulentBob said:

They're getting set up for road pricing...!!

They aren't.

I know, I work in the industry. I just thought I'd be all tabloid and kneejerk.