SCHEDULES

[F1PART 1AAU.K.Light Passenger Vehicles Registered On or After 1 April 2017

Higher rates of duty: vehicles with a price exceeding £40,000U.K.

1GE(1)Sub-paragraph (2) applies for the purpose of determining the rate at which vehicle excise duty is to be paid on any other vehicle licence for a vehicle to which this Part applies if—U.K.

(a)the price of the vehicle exceeds £40,000,

(b)the vehicle was first registered, under this Act or under the law of a country or territory outside the United Kingdom, less than six years before the date on which the licence has effect, and

(c)the vehicle's applicable CO₂ emissions figure exceeds 0 g/km.

(2)The annual rate of vehicle excise duty applicable to the vehicle is—

(a)[F2£560], if the vehicle qualifies for the reduced rate, or

(b)[F3£570], if the vehicle is liable to the standard rate.

F4(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F6(5)[F7Sub-paragraph (2) does] not apply to a vehicle if when it is first registered, whether that is under this Act or under the law of a country or territory outside the United Kingdom, it is a taxi capable of zero emissions (see paragraph 1GG).]]