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Finance (No. 2) Act 2023

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324Rates of vehicle excise dutyU.K.

(1)Schedule 1 to VERA 1994 (annual rates of vehicle excise duty) is amended as follows.

(2)In paragraph 1 (general rate)—

(a)in sub-paragraph (2) (vehicle not covered elsewhere in Schedule with engine cylinder capacity exceeding 1,549cc), for “£295” substitute “£325”, and

(b)in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with engine cylinder capacity not exceeding 1,549cc), for “£180” substitute “£200”.

(3)In paragraph 1B (graduated rates for light passenger vehicles registered before 1 April 2017), for the Table substitute—

CO2 Emissions FigureRate
(1)(2)(3)(4)
ExceedingNot exceedingReduced rateStandard Rate
g/kmg/km££
1001101020
1101202535
120130140150
130140170180
140150190200
150165230240
165175280290
175185310320
185200355365
200225385395
225255665675
255685695.

(4)In the sentence immediately following the Table in that paragraph, for paragraphs (a) and (b) substitute—

(a)in column (3), in the last two rows, “385” were substituted for “665” and “685”, and

(b)in column (4), in the last two rows, “395” were substituted for “675” and “695”.

(5)In paragraph 1GC (graduated rates for first licence for light passenger vehicles registered on or after 1 April 2017), for Table 1 (vehicles other than higher rate diesel vehicles) substitute—

CO2 Emissions FigureRate
(1)(2)(3)(4)
ExceedingNot exceedingReduced rateStandard Rate
g/kmg/km££
050010
50752030
7590120130
90100155165
100110175185
110130200210
130150245255
150170635645
17019010301040
19022515551565
22525522102220
25525952605.

(6)In that paragraph, for Table 2 (higher rate diesel vehicles) substitute—

CO2 Emissions FigureRate
(1)(2)(3)
ExceedingNot exceedingRate
g/kmg/km£
05030
5075130
7590165
90100185
100110210
110130255
130150645
1501701040
1701901565
1902252220
2252552605
2552605.

(7)In paragraph 1GD(1) (rates for any other licence for light passenger vehicles registered on or after 1 April 2017)—

(a)in paragraph (a) (reduced rate), for “£155” substitute “£170”, and

(b)in paragraph (b) (standard rate), for “£165” substitute “£180”.

(8)In paragraph 1GE(2) (rates for light passenger vehicles registered on or after 1 April 2017 with a price exceeding £40,000)—

(a)in paragraph (a), for “£510” substitute “£560”, and

(b)in paragraph (b), for “£520” substitute “£570”.

(9)In paragraph 1J(a) (rates for light goods vehicles that are not pre-2007 or post-2008 lower emission vans), for “£290” substitute “£320”.

(10)In paragraph 2(1) (rates for motorcycles)—

(a)in paragraph (a) (engine cylinder capacity not exceeding 150cc), for “£22” substitute “£24”,

(b)in paragraph (b) (motorbicycles with engine cylinder capacity exceeding 150cc but not exceeding 400cc), for “£47” substitute “£52”,

(c)in paragraph (c) (motorbicycles with engine cylinder capacity exceeding 400cc but not exceeding 600cc), for “£73” substitute “£80”, and

(d)in paragraph (d) (other cases), for “£101” substitute “£111”.

(11)The amendments made by this section have effect in relation to licences taken out on or after 1 April 2023.

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