The government abolished the paper disc in 2014, saying that the move would save the exchequer £10 million a year. Instead, it has lost ten times as much CorbisThe abolition of the paper tax disc is costing the government ten times as much in unpaid tax as it hoped to save in cuts to red tape. The number of untaxed vehicles on British roads has tripled since the abolition of the traditional tax disc in October 2014, creating a £107 million hole each year in the public finances. The Department for Transport (DfT) said that 755,000 vehicles failed to pay vehicle excise duty this year. As part of the reforms, road tax no longer…

Source: The Times November 17, 2017 00:03 UTC