20Old bicycles
(1)The [1971 c. 10.] Vehicles (Excise) Act 1971 shall be amended as follows.
(2)In Schedule 1 (annual rate of duty on motor bicycles etc.) for paragraph 2 (concession for certain old bicycles) there shall be substituted—
“2Where a bicycle the cylinder capacity of whose engine exceeds 150 cubic centimetres is one constructed before 1933 it shall be treated for the purposes of this Schedule as having an engine of cylinder capacity not exceeding 150 cubic centimetres.”
(3)In paragraph 4(a) of that Schedule (substitution of 1935 for 1933 in Northern Ireland) for “2(a)” there shall be substituted “2”.
(4)This section shall apply in relation to licences taken out after 16th March 1993.