Motorcycle Insurance in Europe vs UK?

I am considering getting a sportsbike but since the insurance in UK is a killer I am considering the following scenario. Register the bike in Europe (country in EU) where it is registered to a mate of mine. Then I bring in the bike with all the insurance certificates and taxes, but since in EU it is not the driver but the vehicle that it is insured I can drive it around without complications. The only problem I know is that I have to get it out of the country every 6 months and yearly I need to get it back to do its MOT. DO you think that there is a problem of some sort with that plan?