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@Dammit
Lowpug- I see where you are coming from, not sure that I agree entirely.
I already pay for the upkeep of the roads and so forth in my income tax and council tax, etc etc.
The suggestion you are making is that I pay some additional tax, however using VED as a guideline it would not be spent on making the roads better for cyclists.
Also taxing five bikes each year at £40 (averaging your figs) would be an annoying £200, £15 more that it costs to tax the car.
I would expect (going on how efficient the gov is normally) for this to turn into a nightmare- coppers stopping people checking their licence, fines handed out willy nilly, and the system growing to be a ziggurat of bureaucratic incompetance that ends up pissing away hundreds of thousands of pounds per year.