22-09-14, 09:02 PM
(22-09-14, 06:06 PM)fazersharp link Wrote: [quote author=chaz link=topic=14791.msg167595#msg167595 date=1411392405]
Well the road tax is due on the MT, £44 for 6 months or £80 for the year. So that works out at 10% intrest if you pay it in 2 installments, erm no that would be the case if you got the tax now and paid for it in 12 months time, what you are doing is paying £44 now (borrowing £36 for 6 months) so now the rate has gone up to 44.5%, arr but there's the extra cost involved in.......... not printing two tax discs not posting two envelopes ........just an electronic transfer which costs about the same as a text does.
I think the rate should be £40 and £80 but then who would pay for the full year? I'm paying the full amount as I get about 1.5% on my savings.
Mate ---- you should be in number 11
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I have no idea where you're getting £36 from? It is a 10% increase if you pay it apart - it's either £80 or £88?