Vehicle Excise and Registration Act 1994

[F1 1GE (1) Sub-paragraph (2) applies for the purpose of determining the rate at which vehicle excise duty is to be paid on any other vehicle licence for a vehicle to which this Part applies if— U.K.

(a) the price of the vehicle exceeds £40,000,

(b) the vehicle was first registered, under this Act or under the law of a country or territory outside the United Kingdom, less than six years before the date on which the licence has effect, and

(c) the vehicle's applicable CO₂ emissions figure exceeds 0 g/km.

(2) The annual rate of vehicle excise duty applicable to the vehicle is—

(a) £440, if the vehicle qualifies for the reduced rate, or

(b) £450, if the vehicle is liable to the standard rate.

(3) Sub-paragraph (4) applies for the purpose of determining the rate at which vehicle excise duty is to be paid on any other vehicle licence for a vehicle to which this Part applies if—

(a) the price of the vehicle exceeds £40,000;

(b) the vehicle was first registered, under this Act or under the law of a country or territory outside the United Kingdom, less than six years before the date on which the licence has effect, and

(c) the vehicle's applicable CO₂ emissions figure is 0 g/km.

(4) The annual rate of vehicle excise duty applicable to the vehicle is [F2 £320.]

[F3 (5) Sub-paragraphs (2) and (4) do not apply to a vehicle if when it is first registered, whether that is under this Act or under the law of a country or territory outside the United Kingdom, it is a taxi capable of zero emissions (see paragraph 1GG).]]

Textual Amendments

F1 Sch. 1 Pt. 1AA inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 46(2)(c)

F2 Sum in Sch. 1 para. 1GE(4) substituted (with effect in accordance with s. 58(9) of the amending Act) by Finance Act 2019 (c. 1), s. 58(6)

F3 Sch. 1 para. 1GE(5) inserted (with effect in accordance with s. 59(4)(5) of the amending Act) by Finance Act 2019 (c. 1), s. 59(2)