SCHEDULES
SCHEDULE 1 Annual rates of duty
F1PART 1AALight Passenger Vehicles Registered On or After 1 April 2017
Calculating the price of a vehicle
1GF
1
For the purposes of paragraph 1GE(1)(a) F2... the price of a vehicle is—
a
in a case where the vehicle has a list price, the sum of—
i
that price, and
ii
the price of any non-standard accessory which is attached to the vehicle when it is first registered under this Act, or
b
in a case where the vehicle does not have a list price, its notional price.
2
The reference in sub-paragraph (1)(a)(ii) to the price of a non-standard accessory is to—
a
its list price, if it has one, or
b
its notional price, if it has no list price.
3
Sections 123, 124, 125 and 127 to 130 of the Income Tax (Earnings and Pensions) Act 2003 apply for the purpose of defining terms used in this paragraph as they apply for the purpose of defining terms used in Chapter 6 of Part 3 of that Act, but with the modifications specified in sub-paragraph (4).
4
The modifications are as follows—
a
references to a car are to be read as references to a vehicle;
b
references to relevant taxes are to be read as not including references to vehicle excise duty;
c
in section 124(1)(f) for the words from “qualifying” to the end substitute “
accessories attached to the vehicle when it was first registered under VERA 1994
”
;
d
in section 125 omit subsection (1) and (2)(a);
e
in section 127—
i
in subsection (1) omit “initial extra”;
ii
omit subsection (2).
Sch. 1 Pt. 1AA inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 46(2)(c)