Vehicle V5 management plays a crucial role in keeping track of your vehicle's tax and penalty tickets. It is essential for businesses to maintain accurate records of their vehicles, as it helps in a variety of areas, including tax and ticket management. By diligently managing the logbook, one can ensure compliance with tax regulations and effectively handle any tickets or fines that may be incurred. Furthermore, effective logbook management helps individuals deal with tickets and fines in a timely and organized manner.