SCHEDULE 1 Annual rates of duty
F1PART 1AALight Passenger Vehicles Registered On or After 1 April 2017
Higher rates of duty: vehicles with a price exceeding £40,000
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—
(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 £310.