Finance Act 1994

1 (1) Section 1 of the [1971 c. 10.] Vehicles (Excise) Act 1971 (charge of duty) shall be amended as follows.

(2) In subsection (3) (charge in respect of keeping a vehicle on a road), for the words “be deemed” onwards there shall be substituted “be chargeable—

(a) where one or more vehicle licences have previously been issued under this Act for the use of the vehicle, by reference to the rate currently applicable to a vehicle of the same description as that of the vehicle on the occasion of the issue of that licence (or the last of those licences), and

(b) otherwise, by reference to whichever of the rates specified in Schedule 5 to this Act is applicable to a vehicle constructed at the same time as the vehicle.”

(3) Subsection (4) (which provides that section 1 does not make lawful the keeping of a vehicle which is unlawful apart from that section) shall be omitted.