Tax Disc & VED payment changes announced

The Chancellor of the Exchequer announced yesterday (December 5th) that with effect from 1 October 2014 Vehicle Excise Duty (Road Tax to you and me) can be paid in monthly instalments, annually or even bi-annually by Direct Debit. A surcharge of 5% will be applicable for monthly and bi-annual payment options.

Due to the wide use of number plate recognition and the Police having access to relevant databases to check tax status, the humble Tax Disc (introduced 1 January 1921) will be abolished at the same time.

To read the full article please go to:

https://www.gov.uk/government/news/direct-debit-and-abolition-of-the-tax-disc

Drive safe!

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