THE HUMBLE tax disc is set to become a thing of the past, with Chancellor George Osborne planning to shake up the way we tax our vehicles as part of his Autumn Statement announcement.
After more than 90 years affixed to British motorists' cars, the tax disc is to be scrapped and replaced with a modern electronic system.
For the first time motorists will also be able to pay for their vehicle excise duty (VED) by monthly direct debit, although this will cost an extra 5%.
Also, the extra charge for paying for six months at a time will be reduced from 10% to 5% and the two measures are expected to save motorists who spread their payments over £20 million a year.
Crucially, scrapping the tax disc is expected to save businesses a total of £7 million a year in administration costs, but customers who a...