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Finance Act 2016

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This is the original version (as it was originally enacted).

151VED: extension of old vehicles exemption from 1 April 2017

(1)Paragraph 1A of Schedule 2 to VERA 1994 (exemption for old vehicles) is amended as follows.

(2)In sub-paragraph (1) for the words from “if” to the end substitute “during the period of 12 months beginning with 1 April in any year if it was constructed more than 40 years before 1 January in that year.”

(3)After that sub-paragraph insert—

(1A)But nothing in sub-paragraph (1) 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.

(4)The amendments made by this section come into force on 1 April 2017.

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