DVLA has just launched its new on-line ‘Disposal to Trade’ service. It allows motor traders to notify DVLA on-line that they have received a vehicle from a private individual (e.g. part-exchanges). This replaces the need for the previous owner to notify DVLA that they have sold the vehicle by sending the yellow V5C/3 ‘Disposal to Trade’ slip through the post. Once on-line notification has been completed the previous owner will automatically be sent an acknowledgement in the post.
Currently it does not allow traders to notify DVLA of the sale of vehicles, including within the trade (although we hope both will happen eventually). It is also currently not available to private individuals.
This new service will also automatically trigger road tax refunds to the owner (you will recall that since October 2014 car road tax is no longer transferable) where there is at least 1 complete month outstanding.
Strangely, at the moment this service is only available Monday to Saturday, 8am to 6pm
For more details or to see how it works, follow this link