Government Transfer Fee (also known as the Assignment Fee)
Whenever you purchase or retain a registration mark, the Government charges an £80 fee, which must always be paid straight away (by law), regardless of when your transfer to a vehicle is completed. Paying It is NOT optional and cannot be delayed.
This fee has nothing to do with the 'First registration fee' for a brand new or imported vehicle, which if required, is paid separately.
This fee covers the cost of producing a new V5 Registration Document, updating Government databases and notifying all government departments such as VOSA and the Police.
The Government Transfer Fee is zero-rated for VAT purposes, so no VAT is added to it.