[F11GE(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
F1Sch. 1 Pt. 1AA inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 46(2)(c)
F2Sum 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)
F3Sch. 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)