Buying
an MG - don't negotiate to buy any remaining road tax
Claiming
a refund of the residue of a vehicle tax or the return of a nil value tax disc.
See form V14. More
See our earlier Budget reports. More
Posted: 140312 |  | Anyone
buying a car from October 2014 will need to know that an owner selling the car
privately will not be able to transfer the unexpired tax to a new
owner and will not be entitled to offer that as a part of the sale price. Sellers
will have to claim vehicle excise duty refunds for any remaining months from the
DVLA. Buyers will have to apply for and pay for a new road tax online, with DVLA
or at a Post Office which handles car tax matters, before using the car on the
road. So the key point is never pay for the unexpired portion of the tax disc
or VED when buying a car sold as a private sale.
The last mini Budget
(Autumn Statement) announced vehicle road tax discs are to be scrapped from
October 2014 when paper tax discs will disappear from windscreens. Then instead
of displaying a paper tax disc to prove that a car is fully taxed, motorists will
have to register their cars and pay the vehicle excise duty online. Checks will
then be made by traffic cameras which will automatically track vehicles on the
road and identify those that are not registered as having paid the necessary road
| tax.
The change is part of the trend to provide paperless services online. In the case
of VED exempt cars classed as "Historic" we expect the registered keeper
will have to apply for the equivalent of a NIL value disc. We understand DVLA
are still considering how this will work in practice but, given their performance
over clarifying over how the extension of the Historic tax class for VED exemption,
we would not expect a long period of notice! | V8
Register - MG Car Club - the
leading group for MG V8 enthusiasts at www.v8register.net |
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