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Paying road tax (VED) by direct debit.
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Under the existing car tax rules, if you pay up front for 12 months tax then you lock in at the rate applicable at renewal and you don't pay any increased rate until you come to renew the following year.
But what happens when you pay by monthly direct debit? Does your direct debit increase when the rates (generally) go up each April (obviously, they'll have to inform you of any increase in advance) or are your direct debits fixed for 12 months from the date you usually renew each year (ie at the rate they quote on the V11 renewal reminder - which I understand they stop sending out when you switch to direct debit)?
Ian
But what happens when you pay by monthly direct debit? Does your direct debit increase when the rates (generally) go up each April (obviously, they'll have to inform you of any increase in advance) or are your direct debits fixed for 12 months from the date you usually renew each year (ie at the rate they quote on the V11 renewal reminder - which I understand they stop sending out when you switch to direct debit)?
Vehicle tax Direct Debit payments.
Your vehicle tax will renew automatically when it’s due to run out.
You’ll get an email or letter telling you when your Direct Debit payments will be taken.
You won’t be sent a vehicle tax reminder letter (V11).
Ian
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It's fixed for12 months, and when it renews for the next 12 months it will be at the new price.0
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I believe the whole thing is a fixed 12 month direct debit agreement and the amount won't change until the next 12 months have passed.0
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when paying by direct debit , you are paying the price divided by the mths0
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mine has stayed at the same price since it has started a couple of years backSealed pot member 095 SPC No 7 £578.32
sealed pot No 8 Target £750 TOTAL £1059.86:j
sealed pot no 9 Target £1200 TOTAL £1073.38:cool:
sealed pot no 10 Target £1200 TOTAL £1209
sealed pot No 11 target £1250 total £TBC0
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