Maybe An Idea To Renew VED Before The Budget

[Gomev]

I think all that @johnb80 was saying was to put in a banker now, while the ability to do so is still there. Who knows what the Govt might do in the budget. For example they might say that they are changing the date from April 2025 to November 2024, or worse as from that moment.
Highly unlikely but not without the bounds of the imagination.
In theory we could renew the 'tax' every month from now up until next march if we want to, just to guarantee the maximum period of freebieness.

 

[Rolfe]

It's a risk though. At the moment we have free road tax till March 2026. If we renew again now, just on a hunch that something might change, we cut that to October 2025. If nothing changes then we could renew again this coming March to put ourselves back where we were. But who knows? It's not inconceivable that the loophole of being able to renew early could be closed, and then we've thrown away our advantage.

 

[Gomev]

By renewing now, and I'm not intending to, but if we did, we would guarantee freebieness until Oct 25. The Govt could, but again highly unlikely, change the renewing early thing and by doing nothing now, you guarantee freebieness only until next March. so current advantage is lost.
If as expected the Govt does nothing then renewing now, and then again in March puts us back to square one, no advantage lost or gained.

 

[Rolfe]

I renewed last March, so I'm OK till March 2026 as things stand.

 

[Gomev]

I renewed last March, so I'm OK till March 2026 as things stand.

Agreed, as things stand. @johnb80 was speculating that things may/could change. I don't think they will but who knows what the future holds.

 

[salty]

I must say I am disproportionately pleased to hear of this wheeze! There is nothing like a bit of unexpected money saving to bring joy disproportionate to the money! Thank you.

And screwing the greedy bastards in parliament is also an added bonus. ??

 

[Rolfe]

Agreed, as things stand. @johnb80 was speculating that things may/could change. I don't think they will but who knows what the future holds.

Yes, but it's a gamble. By renewing now we give up something like six months advantage, just on a hunch that something may change. Then there's the possibility that something may change before next March that prevents us getting these six months back.

 

[johnb80]

Hi Johnb80 it is a good suggestion that you have put forward but it only applies to owners who did not take advantage of this hack in March 24.

Thats not really relevant, by renewing again you move the renewal date to Oct 25 and theres nothing to stop you renewing again in March 25. It only offers some protection IF they change the VED rules in the budget this month.

As it stands if you were to renew now that would delay your road tax payment for 6 months only and RFL payment would be due 1st October 25

Yup but you can renew the tax again in March 25

For the likes of Siteguru, Rolfe, myself and countless others I’m sure who renewed in March 24 we are due to renew again in March 25 which will still be free of charge and then when the rules change in 1st of April 25

The odd thing is, pensioners thought they were going to get winter fuel allowance this year and look what happened there. Youre assuming that nothing will change until then.

my RFL payment is not due until 1st of March 26.

Maybe, maybe not!!!!

So as stated by Siteguru and Rolfe I too will stick with what I have thank you.
Les

No problem at all, I hope my suspicions are wrong.

 

[johnb80]

It's a risk though. At the moment we have free road tax till March 2026

No you havent, your tax runs out March 25 surely? You dont know what they may do in the budget.

If we renew again now, just on a hunch that something might change, we cut that to October 2025

How so? Renew now and then renew again in March 25

.If nothing changes then we could renew again this coming March to put ourselves back where we were. But who knows?

Absolutely

It's not inconceivable that the loophole of being able to renew early could be closed, and then we've thrown away our advantage.

Or if you dont and they do change the VED in the budget you also lose.

I only suggested it because looking how this government is acting would suggest to me there's a very good chance they will clobber the motorist in this budget.

I have no argument if you people take up my suggestion or not, in fact I wish I hadn't made it at all now, I seem to have to constantly defend my self here.

 

[johnb80]

Yes, but it's a gamble. By renewing now we give up something like six months advantage, just on a hunch that something may change.

Based on the track record so far on these crookes.

Then there's the possibility that something may change before next March that prevents us getting these six months back.

I would argue (nothing new there), if it is to change in March by renewing now you would have FOC VED until Oct 25 as opposed to March 25. So potentially you may not have the 6 months to lose.

Anyway, I'm done really, I have renewed both EV's and will renew again in March.

JB - Out!

 

[TheRoadrunner]

VED letter has just arrived from DVLA and guess what, we’re all going to be paying road tax on our EV’s from next year. £190 minimum currently, more if you’ve paid a over £40k for you car!!!! ???

 

[siteguru]

Yes - we know. That's why renewing no later than March next year will get you another 11 free months before you have to start paying. That's what this thread (and another one) are all about.

 

[salty]

VED letter has just arrived from DVLA and guess what, we’re all going to be paying road tax on our EV’s from next year. £190 minimum currently, more if you’ve paid a over £40k for you car!!!! ???

Yep, got my letter today, too. Telling me i would have to pay road tax, from next April 2025. £190.. Or more if your EV cost more than 40 grand. Think that will only affect the Cyberster. Yep it's annoying, but, what will be, will be, can't do naff all about it. Suck it up, and pay it. But If you can renew in March next year, you will at least get another free year. ??

 

[Vipar]

Just to be clear for me. I am due to retax my MG4 trophy ER in May next year so if I apply for my tax in February I won’t have to pay road fund tax until February 2026 is that correct?

 

[siteguru]

Do it in March '25, so it is effective from 01-Mar-25 thus giving you an extra 11 months of £0 VED and having to start paying from 01-Mar-26. If you do it in February then the new VED will be valid from 01-Feb-25, thus only giving you 10 extra months.

 

[salty]

Just to be clear for me. I am due to retax my MG4 trophy ER in May next year so if I apply for my tax in February I won’t have to pay road fund tax until February 2026 is that correct?

In theory yes. ??

 

[salty]

Do it in March '25, so it is effective from 01-Mar-25 thus giving you an extra 11 months of £0 VED and having to start paying from 01-Mar-26. If you do it in February then the new VED will be valid from 01-Feb-25, thus only giving you 10 extra months.

How would you apply for your road tax. With no road tax reminder?
Apologies if that sounds a bit, fik. ?

 

[siteguru]

See this thread.

Delay paying £190 car tax on EV until April 2026 (action needed before the end of March 2025)

Hi, in April 2025, EV cars switch from £0 per year car tax to £190. If your car is registered in March, you'll avoid paying it next year. But if registered in April, May or after, you just miss the cut-off and will pay £190 on renewal next year. This method delays it for a year to March 2026...

www.mgevs.com

I did it back in March this year without a VED reminder. This was my post about it:

Delay paying £190 car tax on EV until April 2026 (action needed before the end of March 2024)

£60 saved for me too. :)

www.mgevs.com

 

[Lovemyev]

Anybody had one of these through the post lately ?.
This came about 3 days ago, confirming the commencement date for me at least, as the 1 April 2025.
Looks like they intend to send out reminders closer to the time.

 

[siteguru]

Yep - got mine dated 23/09/2024.