PART 2Excise duties and other taxes
Vehicle excise duty
58VED rates for light passenger vehicles and motorcycles
1
Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows.
2
In paragraph 1B (graduated rates of duty for light passenger vehicles)—
a
for the tables substitute—
Table 1Rates payable on first vehicle licence for vehicle
CO2 emissions figure
Rate
(1)
(2)
(3)
(4)
Exceeding
Not exceeding
Reduced rate
Standard rate
g/km
g/km
£
£
130
140
120
130
140
150
135
145
150
165
170
180
165
175
285
295
175
185
340
350
185
200
480
490
200
225
630
640
225
255
860
870
255
—
1090
1100
Table 2Rates payable on any other vehicle licence for vehicle
CO2 emissions figure
Rate
(1)
(2)
(3)
(4)
Exceeding
Not exceeding
Reduced rate
Standard rate
g/km
g/km
£
£
100
110
10
20
110
120
20
30
120
130
100
110
130
140
120
130
140
150
135
145
150
165
170
180
165
175
195
205
175
185
215
225
185
200
255
265
200
225
280
290
225
255
480
490
255
—
495
505
b
in the sentence immediately following the tables, for paragraphs (a) and (b) substitute—
a
in column (3), in the last two rows, “280” were substituted for “480” and “495”, and
b
in column (4), in the last two rows, “290” were substituted for “490” and “505”.
3
In paragraph 2(1) (VED rates for motorcycles)—
a
in paragraph (c), for “£58” substitute “£59”, and
b
in paragraph (d), for “£80” substitute “£81”.
4
The amendments made by this section have effect in relation to licences taken out on or after 1 April 2015.
59VED: extension of old vehicles exemption from 1 April 2016
1
In Schedule 2 to VERA 1994 (exempt vehicles) in paragraph 1A(1) (exemption for old vehicles) for the words from “constructed” to the end substitute “constructed before 1 January 1976”.
2
The amendment made by subsection (1) comes into force on 1 April 2016; but nothing in that subsection has the effect that a nil licence is required to be in force in respect of a vehicle while a vehicle licence is in force in respect of it.