Done this twice in the past 3 years with no difficulty at all.
First time we acquired a car from a family member. It was about the 8th of the month thus when they were refunded the VED they lost about 22 days. When we taxed it we lost about 8 days. DVLA gained a months VED.
When we sold the car a year later it was at the very end of the month thus we lost just a couple of days. The buyer would have lost almost a month (if he bothered to tax it I suppose - who knows).
No problem as far as I am concerned. Same rule applies to all except those who change more frequently stand to loose more days.
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