7(1)Paragraph 2 of Schedule 1 to the 1994 Act (motorcycles) shall be amended as follows.
(2)In sub-paragraph (1) (rate for motorcycles not exceeding 450 kilograms) the following shall be substituted for paragraphs (a) to (c)—
“(a)if the cylinder capacity of the engine does not exceed 150 cubic centimetres, 10 per cent. of the general rate specified in paragraph 1(2);
(b)if the vehicle is a motorbicycle and the cylinder capacity of the engine exceeds 150 cubic centimetres but does not exceed 250 cubic centimetres, 25 per cent. of the general rate specified in paragraph 1(2);
(c)in any other case, 40 per cent. of the general rate specified in paragraph 1(2).”
(3)The following sub-paragraphs shall be inserted after sub-paragraph (1)—
“(1A)Where an amount arrived at in accordance with sub-paragraph (1)(a), (b) or (c) is an amount—
(a)which is not a multiple of £5, and
(b)which on division by five does not produce a remainder of £2.50,
the rate is the amount arrived at rounded (either up or down) to the nearest amount which is a multiple of £5.
(1B)Where an amount arrived at in accordance with sub-paragraph (1)(a), (b) or (c) is an amount which on division by five produces a remainder of £2.50, the rate is the amount arrived at increased by £2.50.”