Words repealed by Finance Act 1986 (c. 41, SIF 107:2), ss. 3(7)(8), 114(6), Sch. 2 Pt. I para. 5, Sch. 23 Pt. II

http://www.legislation.gov.uk/ukpga/1971/10/schedule/7/part/I/crossheading/issue-exhibition-exchange-surrender-etc-of-licences/paragraph/13/1991-02-01Vehicles (Excise) Act 1971 (Repealed 1.9.1994)An Act to consolidate certain enactments relating to excise duties on mechanically propelled vehicles, and to the licensing and registration of such vehicles with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.1982-01-01texttext/xmlenStatute Law Database2015-10-021991-02-01 SCHEDULESSCHEDULE 7 Transitional ProvisionsPart I Modifications of this Act relating to the system of Vehicle Licensing and Registration etc. Issue, exhibition, exchange, surrender, etc. of licences13

Section 17 shall have effect as if there were substituted for subsections (1) and (2) the following subsections—(1)

The holder of a licence (other than a licence for a tramcar) may at any time surrender the licence to the Secretary of State.

(2)

Where a licence is surrendered to the Secretary of State under subsection (1) above, the holder shall be entitled to be repaid by the Secretary of State by way of rebate of duty paid for the licence the following amount in respect of each complete month of the period of the currency of the licence which is unexpired at the date of the surrender, that is to say—

(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , an amount equal to one twelfth of the annual rate of duty chargeable on the licence.

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Words repealed by
<ref eId="c03310" href="http://www.legislation.gov.uk/id/ukpga/1986/41">Finance Act 1986 (c. 41, SIF 107:2)</ref>
,
<ref eId="c03311" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1986/41/section/3/7/8">ss. 3(7)(8)</ref>
,
<ref eId="c03312" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1986/41/section/114/6">114(6)</ref>
,
<ref eId="c03313" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1986/41/schedule/2/part/I/paragraph/5">Sch. 2 Pt. I para. 5</ref>
,
<ref eId="c03314" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1986/41/schedule/23/part/II">Sch. 23 Pt. II</ref>
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Modifications of this Act relating to the system of Vehicle Licensing and Registration
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Section 17 shall have effect as if there were substituted for subsections (1) and (2) the following subsections—
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<p>Where a licence is surrendered to the Secretary of State under subsection (1) above, the holder shall be entitled to be repaid by the Secretary of State by way of rebate of duty paid for the licence the following amount in respect of each complete month of the period of the currency of the licence which is unexpired at the date of the surrender, that is to say—</p>
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, an amount equal to one twelfth of the annual rate of duty chargeable on the licence.
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