End of the line for the Tax Disc

  So it seems that today the Government has decided to finally bring to an end a 93 year law requiring us to display our tax discs, in a bid to prove the Government is moving into the "Modern Age". A new electronic database which is currently used to check cars tax state and MOT status using ANPR cameras will replace the now defunct tax disc. For the first time the government is also looking into enabling motorists to spread the cost of their tax disc over a number of months through direct debit, a welcome reprieve for many hard up motorists. There will still be a some form of discount for those who wish to pay up front for 12 months  with those choosing this option likely to save in the region of 5% on those that opt for a monthly or 6 month payment option. Still there is in fact savings for those choosing to pay in 6 month instalments and they will now only pay the extra 5% premium that is also levied on those paying monthly in a bid to reduce the burden on already down beat motorists. The treasury today announced that it thinks Tyres.Online customers and indeed all motorists will be saving around £20 million per annum compared to the current system which heavily penalises those who do not pay for 12 months up front with a 10% extra cost. For those worried that the new system will require everyone to pay for their vehicle excise duty (VED) online, do not fear as motorists will still be able to pay for their tax disc at the Post Office. So after 93 years it seems motorists will finally stop being fined for a failure to display their tax disc and will have a greater flexibility over the way in which they pay for their tax disc. The expected changes are due to take affect in October 2014 after the government passes the changes in the law in it's spring Finance legislation.