Best date to transfer V5 - first/last day of the month?

[Venisonpie]

I need to transfer a V5 from one business to another, to avoid overpaying road tax what is the best day to do this to avoid any overlap in payment.

I want to get a full refund with the current company but not pay more than necessary with the new company.

I assume I transfer the V5 on the last day of the current month and tax it with the new company on the first of the following month? Or am I missing something?

[Venisonpie]

Thanks, I'll "sell them" on Saturday and re tax in the new name on Sunday.

[Venisonpie]

randlemarcus said:

BertBert said:

Isn't it going to be double taxed for the month in which the change is made anyway?

It should be, technically. But the OP isnt going to tax it on the last day of the month, but instead on the first day of the month. And DVLA/whoever dont care to chase for the theoretical month, and the OP isnt going to volunteer the cash.

I suspect if they chose to chase it, we could have awkward conversations about "why dont you tax it day by day, the calculation isn't tricky", but they don't so we don't. I also suspect that there is a plentiful supply of people who change ownership when its convenient for them, i.e. the 3rd of the month, and happily pay up, which is a win for the Exchequer.

Yes, this.

As it's an internal fleet transfer I can control both sides and avoid the double charge (hopefully).

[Venisonpie]

NGRhodes said:

Old owner SORNs on last day of month in the evening to avoid the double tax before transfer of ownership.
Car enters new ownership on the 1st and taxes on the 1st.

Edited by NGRhodes on Tuesday 27th October 13:57

Do you need to sorn or just transfer?