Finance Act 1994

13 (1) Section 26A of that Act (dishonoured cheques) shall be amended as follows.

(2) In subsection (2)(b)(iv), for the words “a new” onwards there shall be substituted “there first had effect a new licence for the vehicle specified in the application for the licence or (in the case of a trade licence) a new trade licence to be used for the same description of vehicles.”

(3) In subsection (3), for the words “period, was” onwards there shall be substituted “period—

(a) in the case of a vehicle licence, was applicable to a vehicle of the description specified in the application, and

(b) in the case of a trade licence, was applicable to a vehicle falling within paragraph 2 of Part II of Schedule 5 to this Act or, if the licence was to be used only for vehicles to which Schedule 1 to this Act applies, to a vehicle falling within paragraph 3 of Part II of that Schedule.”

(4) In subsection (4), after “section in the case of” there shall be inserted “a vehicle licence for”.