Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: vauxsull on 26 May 2015, 09:04:23
-
If you pay your road tax by direct debit then sell the car do you simply send back your V5 and cancel the direct debit and that's it? Then set up a new direct debit for replacement vehicle?
-
Yes, or (they say) they will cancel the direct debit for you. But, if you sell your car on, say, 26th of the month, I doubt they'd get the V5 in time to cancel next months payment.
-
Yes, or (they say) they will cancel the direct debit for you. But, if you sell your car on, say, 26th of the month, I doubt they'd get the V5 in time to cancel next months payment.
I'm sure the government will do all it can to keep the cost of motoring low for the motorist. :)
-
My V5 was posted today..
-
Cancel the direct debit. They'll soon get on to you if you owe anything. ;)
-
Cancel the direct debit. They'll soon get on to you if you owe anything. ;)
You can't "cancel" a DD. You can instruct the bank to remove it, but the business claiming the money will still take it.
-
Cancel the direct debit. They'll soon get on to you if you owe anything. ;)
You can't "cancel" a DD. You can instruct the bank to remove it, but the business claiming the money will still take it.
I can cancel a direct debit with one click of my mouse.
-
Yes, indeed, you can cancel a direct debit.
From http://www.directdebit.co.uk/DirectDebitExplained/Pages/Cancellingpayments.aspx (http://www.directdebit.co.uk/DirectDebitExplained/Pages/Cancellingpayments.aspx)
You can cancel a Direct Debit at any time and the process is very straightforward.
Remember that cancelling the Direct Debit simply stops payments from going to the organisation you are paying. If you carry on receiving the goods or service then you will have to organise an alternative payment method.
Money shouldn't be collected from your account after you have cancelled and under the Scheme rules, an organisation would have to obtain your authority to reinstate a cancelled Instruction.
-
As you have already completed a DD mandate, this same mandate can/will get set up again immediately upon a failed payment.
The correct method is to get the company you are paying to stop it. If they won't, then the DD guarantee scheme can kick in, then you can use the finiacial onbudsman.
Your bank can only stop standing orders.
-
Sorry to drift 'off topic' but found this interesting...
The DVLA’s decision to block transfers of unused road tax when cars are sold is generating millions of pounds in extra revenue – at motorists’ expense.
Drivers are losing out to the tune of well over £40 million year as a result of changes to the way road tax is collected.
This is according to new figures from the AA, which highlight how much the government stands to gain from the recent overhaul of the Vehicle Excise Duty (VED) system.
'Death of the tax disc'
The reforms that came into effect last autumn were heralded as the "death of the tax disc" since motorists are no longer obliged to carry proof of taxation on their windscreens.
But it is the DVLA’s new policy of automatically cancelling any remaining VED when a car is registered to a new owner that is proving to be the most significant change.
Under the old system, when a vehicle changed hands the new owner would be allowed to benefit from any outstanding tax.
Cars were often sold second-hand on the basis they were "taxed until October", for example, adding to their value.
No more tax transfers
Since 1 October 2014, however, sellers automatically have any full months’ tax refunded by the DVLA.
Meanwhile, buyers are obliged to tax the vehicle from the start of the month in which it is purchased.
And it is this system which is resulting in millions of motorists paying what the AA calls “ghost tax”.
For example, if a car is sold on the 10th of the month in which its tax is due to run out, the seller gets no refund – and they will have lost around 20 days’ worth of VED.
The buyer, on the other hand, will be forced to pay for 10 days of VED they do not need.
'Massive change'
On the basis that around 4 million used cars are sold through dealers every year and 2.7 million privately, the total annual loss to UK motorists will run at just under £39 million, the AA says.
This is based on an estimate of 30% of cars sold through dealers and 50% of those sold privately having tax outstanding, with an average monthly VED rate of £15.
But this calculation does not take into account the fact that buyers will have to pay tax from the start of the month.
Any transactions which take place after the 1st will make some financial loss to buyers inevitable.
"October’s abolition of the vehicle tax disc and a new process for transferring a vehicle’s 'keeper' is a massive change after 90 years of the old and familiar system," said Edmund King, AA president.
Sharp rise in clamping
"We are particularly disappointed that there was not an equally massive communications campaign to ensure the UK’s 35 million drivers got the message."
The lack of awareness of the changes to tax has resulted in many people unwittingly driving untaxed vehicles.
"The DVLA’s clampers are now netting 3,000 more untaxed cars a month than this time last year," King added.
"It is right that those who deliberately evade paying vehicle tax are caught and punished.
Tax disc confusion
"But it is a very harsh lesson for those who may not be aware a tax disc is now automatically cancelled when a vehicle changes ownership."
One of the main sources of confusion is that cars which were taxed before October last year may still be displaying what appears to be a valid tax disc.
But if the registered keeper has changed since then, the tax will have been automatically cancelled.
"AA members have contacted us expressing outrage that their apparently taxed car was not taxed despite it having a valid disc on display.
"The DVLA must adopt a cautious and more flexible approach to enforcement during this transition."
The DVLA argued that the new system "simplifies" the process of buying and selling secondhand vehicles.
A spokesman added: "Now all new keepers must tax the vehicle before they use it rather than having to find out if it’s taxed or whether the seller has had the tax refunded."
-
I got had off when I sold my saab early on this month, chap who bought it suggested he slip me a tenner and I don't send off the v5 till the end of theonth and he would tax from the start of June, would have been a way to get some of the nearly unused month back but I didn't fancy it and sent it straight off. Robbing shitehawks those dvla lot !
-
As you have already completed a DD mandate, this same mandate can/will get set up again immediately upon a failed payment.
The correct method is to get the company you are paying to stop it. If they won't, then the DD guarantee scheme can kick in, then you can use the finiacial onbudsman.
Your bank can only stop standing orders.
You are wrong, Jaime. I have cancelled numerous direct debits by internet banking, all it does is generate a letter from the company asking why. They cannot reinstate it without your permission.
You can't have companies just taking money from your account without your permission, imagine the shit the banks would get.
You completed the DD mandate, and you can cancel it.
-
And here's how I do it:
Gone now, gotta be quick ;D
-
OK, so the useless Spanish idiots told me porkies. I'll be on the blower to that shower in the morning.
-
How about if a car is sorn'd , say, this weekend then said car is sold on Sunday (31st). New owner completes purchase on Monday 1st then Taxes same at PO later on Monday. With new keeper bit from V5. Would this negate double payment for May?
-
How about if a car is sorn'd , say, this weekend then said car is sold on Sunday (31st). New owner completes purchase on Monday 1st then Taxes same at PO later on Monday. With new keeper bit from V5. Would this negate double payment for May?
If car is sorned this weekend, owner has already paid the tax for May.
Now....when you say car is sold on Sunday but purchase is completed on Monday, what do you mean? If the date of transfer on the V5 is 31st, then new owner is liable for VED for the whole of May. If the date of transfer is the 1st, then tax is due for June.
Double payment for the month in which the sale takes place has always been the norm...surely?
-
OK, so the useless Spanish idiots told me porkies. I'll be on the blower to that shower in the morning.
Here is the wording on the 'cancel direct debit' page on Barclays:
Whilst you can delete a direct debit, you cannot amend any of the details.
As well as cancelling the direct debit with us, you also need to inform the person you are paying that you cancelled the direct debit. You should also make an arrangement with them to ensure that any contractually required payments are made using an alternative method.
-
It's. Paper transfer stmo. My son is taking on my omega so, to avoid giving away too much in tax and stuff car will be sorned over the weekend. 'Sale' will take place on Monday so that he will tax it for the forthcoming month avoiding double payment for current/past month.
We are happy to pay our dues, just seems greedy for dvla to double dip for month, that's all.
:)
-
It's. Paper transfer stmo. My son is taking on my omega so, to avoid giving away too much in tax and stuff car will be sorned over the weekend. 'Sale' will take place on Monday so that he will tax it for the forthcoming month avoiding double payment for current/past month.
We are happy to pay our dues, just seems greedy for dvla to double dip for month, that's all.
:)
Gotcha :y
-
Kinda sorry I started this topic now ;D
-
How much is the road tax on a 3.0 please ? On a 2000 W f/l
-
How much is the road tax on a 3.0 please ? On a 2000 W f/l
Ask the internet, save someone else doing it. ;)
-
How much is the road tax on a 3.0 please ? On a 2000 W f/l
My 1998 3.0l was £230 a couple of days ago.
-
Sold the 2.2 on the 27th of April this year, the direct debit payment was taken on the 22nd of April, informed the DVLA re change of owner, and cancelled the direct debit . I received the full payment returned to my account within 10 days .