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