https://www.gov.uk/what-to-do-if-your-vehicle-has-been-stolen
TLDR - The police inform DVLA on your behalf so you may get a tax refund if there's any left over. You don't have to inform your insurance so if it is subsequently found it will still belong to you and not the insurance company.
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@n3il started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
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https://www.gov.uk/what-to-do-if-your-vehicle-has-been-stolen
TLDR - The police inform DVLA on your behalf so you may get a tax refund if there's any left over. You don't have to inform your insurance so if it is subsequently found it will still belong to you and not the insurance company.