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These Regulations (regulation 3) revoke regulation 41 of, and Schedule 4 to, the Road Vehicles (Registration and Licensing) Regulations 1971 which became redundant with the repeal of section 21 of the Vehicles (Excise) Act 1971 by the Finance Act 1994. Otherwise these Regulations are concerned with trade licences issued under the Vehicles (Excise) Act 1971. Regulation 4 prescribes the businesses of modifying vehicles at any time and of valeting vehicles before registration or sale as businesses for which trade licences may be issued, whereas previously these businesses were prescribed only if the vehicles were modified or valeted before registration. Regulation 5 enables a vehicle being used for certain purposes and being collected or delivered to be used under a trade licence for the purpose of transporting another vehicle, if that other vehicles has been or is to be used to travel to or from the place of collection or delivery.
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