Finance Act 2015 (c. 11)

PART 2 U.K. Excise duties and other taxes

Vehicle excise duty U.K.

58 VED rates for light passenger vehicles and motorcycles U.K.

(1) Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows.

(2) In paragraph 1B (graduated rates of duty for light passenger vehicles)—

(a) for the tables substitute—

“Table 1

Rates payable on first vehicle licence for vehicle

CO2 emissions figure		Rate
(1)	(2)	(3)	(4)
Exceeding	Not exceeding	Reduced rate	Standard rate
g/km	g/km	£	£
130	140	120	130
140	150	135	145
150	165	170	180
165	175	285	295
175	185	340	350
185	200	480	490
200	225	630	640
225	255	860	870
255		1090	1100

Table 2

Rates payable on any other vehicle licence for vehicle

CO2 emissions figure		Rate
(1)	(2)	(3)	(4)
Exceeding	Not exceeding	Reduced rate	Standard rate
g/km	g/km	£	£
100	110	10	20
110	120	20	30
120	130	100	110
130	140	120	130
140	150	135	145
150	165	170	180
165	175	195	205
175	185	215	225
185	200	255	265
200	225	280	290
225	255	480	490
255		495	505”;

(b) in the sentence immediately following the tables, for paragraphs (a) and (b) substitute—

“(a) in column (3), in the last two rows, “280” were substituted for “480” and “ 495 ”, and

(b) in column (4), in the last two rows, “290” were substituted for “490” and “ 505 ”.”

(3) In paragraph 2(1) (VED rates for motorcycles)—

(a) in paragraph (c), for “£58” substitute “ £59 ”, and

(b) in paragraph (d), for “£80” substitute “ £81 ”.

(4) The amendments made by this section have effect in relation to licences taken out on or after 1 April 2015.

59 VED: extension of old vehicles exemption from 1 April 2016 U.K.

(1) In Schedule 2 to VERA 1994 (exempt vehicles) in paragraph 1A(1) (exemption for old vehicles) for the words from “constructed” to the end substitute “ constructed before 1 January 1976 ”.

(2) The amendment made by subsection (1) comes into force on 1 April 2016; but nothing in that subsection has the effect that a nil licence is required to be in force in respect of a vehicle while a vehicle licence is in force in respect of it.