Quote:
Originally Posted by martyh
The unused VED stays with the seller .So if i sell a car to you i can either get a refund or transfer the remaining tax onto a new car .It has never been possible to get refunds for partial months .The biggest improvement will be the introduction of Direct Debit monthly payments helping people spread the cost of buying tax over the year
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It doesn't. you'll automatically get a refund on the tax. but only full months. (full months were the same as before. when you returned the disc) now when you sell a car on say the 15th Oct. the new buyer will have to buy from the 1st Oct. so there's 2 weeks money that was paid for before. when you sold the car. which has to be paid again. the idea being that cars will be sold mid month. which is where they make millions. if not billions in revenue. where before they couldn't if the tax was (transferred) sold with the car to the new owner.
the transfer is the main objective of this scam.