Everything Motor Traders need to know about trade plates
A trade plate is a temporary number plate used by motor traders or vehicle testers to save them the cost and time to register and tax every vehicle temporarily in their possession.
Why do motor traders need trade plates?
As a motor trader in the UK, you’ll need trade plates for cars temporarily in your possession in order for them to be legally driven on public roads.
Trade plates are needed for any vehicle owned by a car trader, dealer, or manufacturer of an unlicensed car. This means that any car in your possession as a motor trader must have a trade plate, even if you’re only driving it on the forecourt of your premises.
Do I need trade plates?
If you are in the motor trade industry then yes, you do need trade plates. The DVLA states that dealers, manufacturers and repairers of vehicles (including those involved in collection and delivery) require trade plates. If you are a manufacturer of trailers, a valet and accessory fitter, or a vehicle tester, you too will need trade plates.
How do I apply for trade plates?
To apply for trade plates you need to head to the DVLA – click here. Trade licences last for either six or twelve months, expiring on 30th June or 31st December. This means if you are new to the motor trade industry and you are looking to purchase trade plates for the first time, you can get trade plates for between seven to eleven months as they will still expire either in June or December.
What forms are there to complete?
There are four forms in total, but you need only fill out one depending on what type of motor trade business you’re in.
• If you’re applying for trade plates for the first time, you need to complete the VTL301
• If you want to renew your existing trade plates then you need to complete the VTL305
• If you wish to cancel your trade licence and therefore no longer need your trade plates, complete form VTL308
• If you want to apply for a duplicate or replacement trade licence (or plates) then complete form VTL310
There is a wealth of information on the DVLA site, as well as guidance on how to help you complete the forms.
How much do trade plates cost?
The DVLA’s pricing guide is below*.
|Month of application||Expires||Valid for|
|Rate of duty|
for all vehicles
|Rate of duty for bicycles and tricycles|
*correct as of 14th April 2020. Check the gov.uk site here for up to date information.
Need help with your motor trade insurance?
SIMILAR BLOG POSTS
Will non-essential travel invalidate my vehicle insurance?
Stories in the media stating that non-essential travel will invalidate people’s vehicle insurance are untrue, according to insurers.
Coronavirus and traders insurance FAQs
We know the coronavirus outbreak and lockdown have affected many motor traders, and businesses are having to adapt to new rules and restrictions. We’ve answered some of the most common questions coming up, to try and help you through any insurance-related queries at this time. Do I still need to renew my policy during the […]
Are price indicators damaging business for motor traders?
Motor traders are continuing to express concern that new price markers on online car sales sites may have a negative impact on their ability to sell their vehicles.
10 reasons your motor trade policy could be cancelled
It can be a challenge getting the right motor trade cover set up – once you do, you want to make sure it runs smoothly. Your insurance provider will consider many factors in validating your cover. If you fail to advise your insurance company of any changes to your policy…
Government plans announced to tackle smart motorway safety concerns
The UK government has published its action plan to address smart motorway safety concerns, following a report that revealed 38 people had died on smart motorways in the past 5 years.
5 motor trade insurance extras that could protect your business
Insurance is all about protecting your business, but as with any insurance, your standard motor trade insurance will only cover certain aspects of your business. There are many additional options that are sensible to consider…
What’s the difference between a fault and a non-fault claim?
There is often confusion around the difference between a fault and a non-fault insurance claim, and what claims should be disclosed when taking out a policy.
Whether a claim is defined as fault or non-fault is not to do with whose fault any accident or damage is – it’s about how insurers categorise claims based on cost recovery outcomes.
CHRISTMAS AND NEW YEAR OPENING HOURS
This Christmas our office will be open until and including the 23rd December at our regular hours of 8:30am to 5:30pm, following which we have some variations to our usual hours between Christmas and New Year. Regular hours resume from the 2nd of January 2020.
Is it the law to have business insurance?
Whether you’re setting up your own business or have been running one for a while, the subject of business insurance can raise questions. How do you know what is a legal requirement? Which extra covers are worth your hard-earned money, and which are a waste?
A quarter of drivers think smart motorways are unsafe
Nearly a quarter of drivers in the UK believe smart motorways are unsafe, and many do not understand the rules around hard shoulder running, according to recent research by Kwik Fit.
Increase In Van And Tool Theft: The Trader’s Response
Recently, UK tradesmen are grouping together to get their voices heard about their fears in regards to recent spikes in van and tool theft.
Why industry accreditation with lead to more sales for car dealers
When buying anything from a television to a car or house, having trust in the person you are buying from is crucial.
Car Accidents On The Rise In Latest Government Report
The latest data on reported road casualties in the UK has been released by the Government, showing UK traffic accidents are on the rise again.
As our Tradesure customers are out on the roads more than most, it’s important to stay safe and keep your wits about you.
Is Your Car Registered On The Mid? New Motor Trade Law Could Affect Your Insurance
The Motor Insurance industry could be set for a big shake up as a review begins into compensation rights for victims of accidents and damage on private land. The review was prompted from a ruling by the European courts in 2014 which resulted in the Vnuk judgement.
What Is The Mid?
The Motor Insurance Database (MID) is a central record of all insurance vehicles in the UK, and is managed by the Motor Insurance Bureau (MIB). The MID is mainly used as a way for the Police and the Driver and Vehicle Licensing Agency (DVLA) to enforce motor insurance laws.
How To Minimise The Cost Of Your Motor Trade Insurance Policy
Whatever part of the motor trade industry you work in, there are ways you can mitigate the impact of rising insurance policy costs. These include measures to reduce claims of your own, measures to reduce claims against you, and other ways to generally make sure you’re not paying over the odds.