← Lessons 15-Vehicle Taxation Quiz 0 / 12 read 1. INTRODUCTION 2. VEHICLE TAXATION 3. FIRST LICENCES 4. REFUNDS 5. VEHICLE LICENSING FOR INTERNATIONAL JOURNEYS 6. TRADE LICENCES – APPROVED HOLDERS 7. PERMITTED USES OF TRADE PLATES 8. TRADE LICENCES – CARRIAGE OF GOODS AND PASSENGERS 9. APPLICATIONS FOR A TRADE LICENCE 10. RECOVERY VEHICLES 11. QUICK EXAM NUMBERS / FACTS – MEMORISE THESE 12. FINAL MEMORY CHECKLIST 12. FINAL MEMORY CHECKLIST Know the two main goods vehicle VED factors: GVW and number of axles. Remember the additional-duty category for the heavy rigid vehicle/drawbar trailer combination stated in the material. Know V55/4 as the first-licence form identified by the source. Refunds are based on full months of unexpired duty in the source material. For international journeys, remember GB plate, V5C, V379 and V103. Know the approved holders and permitted uses of trade licences. Generally, trade-licensed vehicles cannot carry goods or passengers except for the listed exceptions. Trade licences normally start 1 January or 1 July and can be 6 or 12 months. Remember the 28-day appeal period stated for refusal of a trade licence. Recovery vehicles have a unique VED rate and restricted uses.