At that point you would be liable for insurance and whatever else they decide to throw the book at you and make an example.
Im not taking sides here but it's easy to see how people fail to understand how it works since on the surface of it, it looks plain and simple. However Im not about to applaud the government for their clever wording with intent. No one should be expected to be able to read in between the lines per say or read every single small print but yet there is reliance that they won't.
The fact that someone used some clever wording doesn't make make things right or fair but hence I'm inserting the moral grounds token here.
As someone else here said, the whole thing stinks and we could probably have a good rant about VED on motorbikes