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Finance Act 2014

Details of the Section

2.Subsection (1) introduces tables which set rates of VED for rigid goods vehicles that draw trailers when such trailers may weigh 4,000kg or more and the vehicle 12,000kg or more.  This includes a rate which is applicable where a vehicle does not fall within the tables introduced by the subsection.

3.Rates for these vehicles are to be determined by reference to the following new factors: the presence of road-friendly suspension on the vehicle; how many axles the vehicle has; the vehicle’s HGV road user levy banding; the trailer’s plated gross weight; and the total of that weight and the vehicle’s revenue weight.

4.Subsection (2) makes a consequential amendment to paragraph 2(2) of Schedule 1 of the HGV Road User Levy Act 2013 to refer to the new definition of relevant rigid goods vehicle which is being introduced by subsection 2.

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