Change to VED - FINALLY

[radiodanno]

George Osborne will today announce that, from next year, we will be able to pay "road tax" by monthly Direct Debit.

Personally, I think this is great. 5% is a small price to pay to make sure you don't have two cars to tax at the end of December!!

There's also a plan to scrap the disc altogether, but I can't find an accurate source for this.

Whatdyafink?

[IanA2]

DD good. Interest outrageous.

[radiodanno]

Tiny bit more here

http://www.independent.co.uk/life-style/motoring/m...

My immediate thought? £490 for a 'Band M' car is a lot more palatable at £42.88 a month and might even get me something smoky in the not too distant future.

[22Rgt]

How will this work? Can the DD be cancelled once you sell the vehicle or will it still involve paying for 6/12months?

[Lordbenny]

Just confirmed on breakfast that as of October next year the disc will be scrapped.

[Puddenchucker]

Now, if they could also change it so that the VED starts from the day you purchase it (or specified date), rather than the 1st of the month, then it will have finally caught up with the 21st century.

[Riley Blue]

Proof of insurance in the windscreen instead?

[AdamD]

Wish it was scrapped altogether and melded into fuel costs so it was actually linked to usage.

That said I'd welcome the monthly payment providing it was the same price or cheaper much like utilities bills can be.

My suspicion is they will start quoting prices per month and then inch them up over time since the figures sound smaller.

[AnotherClarkey]

radiodanno said:

Tiny bit more here

http://www.independent.co.uk/life-style/motoring/m...

My immediate thought? £490 for a 'Band M' car is a lot more palatable at £42.88 a month and might even get me something smoky in the not too distant future.

I still like the 84p a month mine would cost me better.

[HannsG]

This is a precursor to rises. If you make it seem more palatable or easier to pay there is always a catch.

[HoHoHo]

Good idea.

















To start making small rises in VED every budget.

[Chicane-UK]

I certainly won't mourn the loss of the tax disc, and the pay monthly option is long overdue. Good news from the government for once.

[radiodanno]

I'm not sure which I prefer:

1) Working to 65 and paying my VED all at once from my pension
2) Working to 68 amd paying my VED monthly from my wages

!!

[Fat hippo]

HannsG said:

This is a precursor to rises. If you make it seem more palatable or easier to pay there is always a catch.

+1

It makes it 'seem' more affordable so they can justify increasing tax in the future. My suspicion will be the rises will be larger than expected and they will point out its 'easier' to pay now with the dd facility

[Snowboy]

Lordbenny said:

Just confirmed on breakfast that as of October next year the disc will be scrapped.

Physical Disc scrapped.
But what about the payment?
I'm guessing we still need to pay.

[Petrol Only]

Surely all us Directors etc only every buy a full 12 months to save money tsk!

[Beeby]

[redacted]

[philmots]

Monthly DD's are a necessary evil to me as a lot of things work out cheaper that way.. But I try and have as few as possible.

VED to me will always be like car insurance, just pay it all in one go and forget about it.

[philmots]

Also.. If they're scrapping the physical disc surely VED should be cheaper because of the savings in all the admin/enforcement cameras etc..

[/dream]

[LaurasOtherHalf]

fking 5% extra to pay by direct debit!

The dirty robbing wkers!