Vehicle owners who purchased their cars between January 1 and yesterday, they may considering opting in to the new TAVT rather than paying birthday tax.
Use this calculator to find out whether to opt in to the new TAVT or stay with the birthday tax. For car purchases pre-Jan 1, 2012, you have no choice but to continue the birthday tax, and for buyers today, March 1, 2013 and forward, there won’t be any birthday tax option and the TAVT will be paid up front (whether it’s a dealer sale or a private sale).
Do you have the support you need to manage your small business bookkeeping?
Schedule a 30-minute appointment to speak with a local small business adviser.