Lord Farquad
2022 MYLR W/B/20s/Tow bar. Previously 2021 M3SR+
Feels good working it to the man (hopefully)
Although I’d prefer it if they just kept our older cars as zero VED
Although I’d prefer it if they just kept our older cars as zero VED
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Renew your EV Road Tax
- Thread starter RedMod3
- Start date
Zilla91
Active Member
4 pages in and there doesn’t appear to be any clear consensus… in a sentence, when is the best time to do this?
Jason71
Well-Known Member
Not every question has only one possible answer there is all the information one needs to make there own decision.
Do this now @Zilla91 - does that make it simple for you? And don’t forget to do that again on 1 st March. Btw, all this will change if the government increases the rate from 1st March.
LOL. Just realised I may have stitched myself up a little here.
Collecting a Y RWD on a Tesla lease at some point this month, and the terms of lease say the lease company will pay the VED, but only at the rate applicable at the start of the lease term, any increase is paid by the Hirer. As long as the '25 changes only take effect on 1st April 2025, then I think I'll get the first two years "free", but after that it'll go to the standard £190/year, and because the list price is over £40k, then I'll also be liable for the luxury car tax too?
Collecting a Y RWD on a Tesla lease at some point this month, and the terms of lease say the lease company will pay the VED, but only at the rate applicable at the start of the lease term, any increase is paid by the Hirer. As long as the '25 changes only take effect on 1st April 2025, then I think I'll get the first two years "free", but after that it'll go to the standard £190/year, and because the list price is over £40k, then I'll also be liable for the luxury car tax too?
NOW! is the answer.
It's quick, painless and achieves the aim.
Lord Farquad
2022 MYLR W/B/20s/Tow bar. Previously 2021 M3SR+
The luxury tax is only due to be applicable to cars registered after 1/4/25 so you should avoid that.
Best time is now
Second best time is next March
Buy a car during the year, do it next March
If you are cautious but miss this March, do it next Feb
When you do it, retax using V5c, don’t renew using the 16 digit code on the renewal
Second best time is next March
Buy a car during the year, do it next March
If you are cautious but miss this March, do it next Feb
When you do it, retax using V5c, don’t renew using the 16 digit code on the renewal
Then all you can do is renew in Feb next year, and then potentially again in March if you want that final month.
Jason71
Well-Known Member
If your renewal is April and you want to change it during March then the only way is to SORN and then relicense. But i would not bother. I think April 1st due date relicensed in March 2025 will still be free. If i am wrong you can SORN next March then retax.
So, after taxing my car a week or so ago with the reminder I decided to log on again and tax it using the logbook, What a simple process, ticked No to the question "do you have a reminder". Put the reg num in and the V5 number and it states Tax will start from March 1st - but stated the car was taxed until April 2025 - and you may be paying twice. Confirmed this and now the car is taxed until end of Feb 2025.
clearly chuffed - but why do i feel a bit guilty about doing it?
clearly chuffed - but why do i feel a bit guilty about doing it?
Pink Duck
Active Member
The government are the ones who should feel guilty about charging zero-emission EVs vehicle licensing tax again. I remember the £310 they asked in my first year (2018) and the whole-month only refund the following year leaving me a further £160 out of pocket. Back when it was new fossil sale ban due for 2030.
I renewed both EVs in March so I can renew in March next year for maximum benefit. You could leave it to March next year, but why? as the Government could close the loophole.
So as my starting post on this thread suggests, renew it now and before the end of the month using the V5 reference number method.
Masklin
Member
This has now come up on Martin Lewis’ Money Saving Expert…
