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Tax - 6 months or 12 months?
savingstudent_2
Posts: 11 Forumite
in Motoring
Hello All
I need to tax a vehicle for about 2 weeks, just wondering if its cheaper to do 12 months and claim 11 months back or do 6 months and claim 5 months back? By my calculations its actually cheaper to do 12 months because of the 10% fee applied to 6 months.... Does this make sense?
Many thanks
savingstudent
I need to tax a vehicle for about 2 weeks, just wondering if its cheaper to do 12 months and claim 11 months back or do 6 months and claim 5 months back? By my calculations its actually cheaper to do 12 months because of the 10% fee applied to 6 months.... Does this make sense?
Many thanks
savingstudent
0
Comments
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Yep 12 months would be slightly cheaper. I'd do it for 6 months though as the difference would be rather small.0
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Remember you buy 'whole months' of tax so if your two weeks stretch over a month end you will lose two months tax on your refund.0
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