AnilS
pfm Member
Guys need some help with a road tax question.
Our son is looking to buy a used, but high value car.
On 9th May, 2018, it originally sold for £54k.
Luxury road tax (£600/year, in rounding up) doesn't reduce until May this year, to much less.
If he collects the car on 1st April, and pays by direct debit, will June's DD payment show a reduction or not?
If not, is he better off waiting until the end of May, making it SORN (Statutory off road notification), and then re-taxing on the 1st June, for the reduced rate?
Tried to get through to DVLA but hopeless. Spoke to the dealership but they don't know either. The car is a private sale but may go to the dealer for a service.
He won't want to wait until until 9/5/24 to benefit from the reduction as he wants to drive the car asap.
Any input appreciated. Thank you.
Our son is looking to buy a used, but high value car.
On 9th May, 2018, it originally sold for £54k.
Luxury road tax (£600/year, in rounding up) doesn't reduce until May this year, to much less.
If he collects the car on 1st April, and pays by direct debit, will June's DD payment show a reduction or not?
If not, is he better off waiting until the end of May, making it SORN (Statutory off road notification), and then re-taxing on the 1st June, for the reduced rate?
Tried to get through to DVLA but hopeless. Spoke to the dealership but they don't know either. The car is a private sale but may go to the dealer for a service.
He won't want to wait until until 9/5/24 to benefit from the reduction as he wants to drive the car asap.
Any input appreciated. Thank you.