mjroe
pfm Member
Regardless of the fact of remember or not to tax your car and the continued debate about how to collect VED, it was more the simple massive failure that struck me.
The government scraps tax discs to make a projected saving of £10M, plus probably some additional revenue because the tax doesn't transfer to a new owner on sale. However they end up losing £107M after going digital, two-thirds more than before. So they save £10M plus a bit but lose £75M.
So I guess the loss is around £50M a year - that gives a loss 5 times greater than they were supposed to save!
If it wasn't broken in the first place...
The government scraps tax discs to make a projected saving of £10M, plus probably some additional revenue because the tax doesn't transfer to a new owner on sale. However they end up losing £107M after going digital, two-thirds more than before. So they save £10M plus a bit but lose £75M.
So I guess the loss is around £50M a year - that gives a loss 5 times greater than they were supposed to save!
If it wasn't broken in the first place...