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Monthly 2nd Car
#37
Hi,

If you are going to cancel your VED standing order, do it in plenty of time, else you will be paying for the next month too. I see no reason why you cannot cancel as soon as you know you are taxed. BUT CHECK THAT ... previously a tax disc became void immediately it was surrendered, or retained when car was sold.

But beware the pitfalls. Big penalty if you do not make SORN declaration when tax period expires. Big penalty if you do not cancel tax and make SORN declaration when insurance expires.

Always tax it for 12 months. A penalty (5% ???) is added to 6 months tax, which you do not get back. So if you tax for one month on, two months off, four times a year, you will pay an extra 20%. Surrendering 12 months tax, the refund is pro-rata ... although trying to get my head around it makes my brain hurt.

I have read that you can (could?) not tax a car on-line during the same month that you made a SORN declaration. I have also encountered a problem when trying to tax a SORN'd car, on-line, at 23.00hrs of day before I wanted tax to start, but no problem after midnight. Maybe it was just me?

There used to be a scheme where you could "suspend" your insurance, mid-term, then re-activate at a later date. I think this was common when cars were laid up for the Winter. But the insurers may have "improved" their service since then. Most insurers have a Cancelation Fee (£35?) plus other penalties for early cancelation ... something like a refund of only 50% after 3 months, and 25% after 6 months.

Google 24 HOUR INSURANCE, phone and ask if they can help. I think they do up to a month at a time. But pricey, so you will have to decide which bullet to bite.

602
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Messages In This Thread
Monthly 2nd Car - by Toms306 - 24-11-2014, 07:34 PM
RE: Monthly 2nd Car - by bashbarnard - 24-11-2014, 08:23 PM
RE: Monthly 2nd Car - by Iceman299 - 24-11-2014, 09:10 PM
RE: Monthly 2nd Car - by procta - 24-11-2014, 09:10 PM
RE: Monthly 2nd Car - by Toms306 - 24-11-2014, 09:58 PM
RE: Monthly 2nd Car - by Iceman299 - 24-11-2014, 10:21 PM
RE: Monthly 2nd Car - by clarkey2010 - 24-11-2014, 10:14 PM
RE: Monthly 2nd Car - by Piggy - 24-11-2014, 10:32 PM
RE: Monthly 2nd Car - by Kezzieboy - 24-11-2014, 10:34 PM
RE: Monthly 2nd Car - by Toms306 - 25-11-2014, 09:05 AM
RE: Monthly 2nd Car - by Iceman299 - 25-11-2014, 11:23 AM
RE: Monthly 2nd Car - by Toms306 - 25-11-2014, 11:58 AM
RE: Monthly 2nd Car - by Eeyore - 25-11-2014, 10:56 AM
RE: Monthly 2nd Car - by Iceman299 - 25-11-2014, 12:01 PM
RE: Monthly 2nd Car - by Eeyore - 25-11-2014, 12:34 PM
Re: RE: Monthly 2nd Car - by bashbarnard - 25-11-2014, 12:37 PM
RE: Monthly 2nd Car - by Toms306 - 25-11-2014, 01:11 PM
RE: Monthly 2nd Car - by procta - 25-11-2014, 01:58 PM
RE: Monthly 2nd Car - by Iceman299 - 25-11-2014, 03:15 PM
RE: Monthly 2nd Car - by procta - 25-11-2014, 03:24 PM
Re: RE: Monthly 2nd Car - by bashbarnard - 25-11-2014, 02:16 PM
RE: Monthly 2nd Car - by Toms306 - 25-11-2014, 05:13 PM
RE: Monthly 2nd Car - by Iceman299 - 25-11-2014, 05:05 PM
RE: Monthly 2nd Car - by bashbarnard - 25-11-2014, 05:31 PM
RE: Monthly 2nd Car - by THE_Liam - 26-11-2014, 09:10 PM
RE: Monthly 2nd Car - by Toms306 - 26-11-2014, 09:15 PM
Re: RE: Monthly 2nd Car - by THE_Liam - 26-11-2014, 11:20 PM
RE: Monthly 2nd Car - by Toms306 - 26-11-2014, 11:28 PM
RE: Monthly 2nd Car - by Iceman299 - 26-11-2014, 11:43 PM
RE: Monthly 2nd Car - by procta - 27-11-2014, 12:00 AM
Re: RE: Monthly 2nd Car - by THE_Liam - 27-11-2014, 09:29 AM
RE: Monthly 2nd Car - by Toms306 - 27-11-2014, 09:47 AM
RE: Monthly 2nd Car - by MY95 - 27-11-2014, 09:58 AM
RE: Monthly 2nd Car - by Toms306 - 27-11-2014, 10:16 AM
Re: RE: Monthly 2nd Car - by THE_Liam - 27-11-2014, 12:28 PM
RE: Monthly 2nd Car - by Toms306 - 27-11-2014, 12:58 PM
RE: Monthly 2nd Car - by Jonahinoz - 28-11-2014, 06:20 AM
RE: Monthly 2nd Car - by Jonahinoz - 28-11-2014, 06:52 AM
RE: Monthly 2nd Car - by THE_Liam - 28-11-2014, 09:42 AM
RE: Monthly 2nd Car - by Toms306 - 28-11-2014, 09:45 AM
RE: Monthly 2nd Car - by Iceman299 - 28-11-2014, 11:23 AM
RE: Monthly 2nd Car - by Eeyore - 28-11-2014, 11:26 AM
RE: Monthly 2nd Car - by Iceman299 - 28-11-2014, 11:58 AM
RE: Monthly 2nd Car - by Toms306 - 28-11-2014, 11:49 AM
RE: Monthly 2nd Car - by THE_Liam - 28-11-2014, 11:56 AM
RE: Monthly 2nd Car - by Toms306 - 28-11-2014, 12:00 PM
RE: Monthly 2nd Car - by Iceman299 - 28-11-2014, 12:21 PM
RE: Monthly 2nd Car - by procta - 28-11-2014, 02:26 PM
RE: Monthly 2nd Car - by THE_Liam - 28-11-2014, 02:34 PM
RE: Monthly 2nd Car - by Toms306 - 28-11-2014, 04:43 PM

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