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(1)The [1971 c. 10.] Vehicles (Excise) Act 1971 shall be amended as follows.
(2)For the provisions of Part II of Schedules 1 to 5 (annual rates of duty) there shall be substituted the provisions set out in Schedule 3 to this Act.
(3)In subsection (5) of section 16 (rates of duty for trade licences), including that subsection as set out in paragraph 12 of Part I of Schedule 7, for " £30 " and " £6 " there shall be substituted respectively " £35 " and " £7 ".
(4)In the heading of Schedule 1 and paragraph 1 of Part I of that Schedule (annual rates of duty on certain vehicles not exceeding 8$ cwt.) for " 8 ½ CWT. " and " 8J hundredweight" there shall be substituted respectively " 425 KG. " and "425 kilograms ".
(5)This section has effect in relation to licences taken out after 10th March 1981.
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