41(1)This paragraph applies where—U.K.
(a)a vehicle licence is taken out for a vehicle on or after 1st July 1995 and before 1st July 1996,
(b)the licence is the first vehicle licence to be taken out for the vehicle on or after 1st July 1995,
(c)the vehicle would be an exempt vehicle apart from paragraph 2 above, and
(d)the amount of vehicle excise duty to be paid on the licence would (apart from this paragraph) exceed £1,000.
(2)In such a case the amount of vehicle excise duty to be paid on the licence shall be £1,000.
(3)This paragraph shall be construed in accordance with the 1994 Act.