Search Legislation

Finance Act 1995

Status:

This is the original version (as it was originally enacted).

Part XSpecial Reliefs

Relief where exemption abolished

41(1)This paragraph applies where—

(a)a vehicle licence is taken out for a vehicle on or after 1st July 1995 and before 1st July 1996,

(b)the licence is the first vehicle licence to be taken out for the vehicle on or after 1st July 1995,

(c)the vehicle would be an exempt vehicle apart from paragraph 2 above, and

(d)the amount of vehicle excise duty to be paid on the licence would (apart from this paragraph) exceed £1,000.

(2)In such a case the amount of vehicle excise duty to be paid on the licence shall be £1,000.

(3)This paragraph shall be construed in accordance with the 1994 Act.

Relief where vehicle changes category

42(1)This paragraph applies where paragraph 41 above does not apply and—

(a)a vehicle licence is taken out for a vehicle on or after 1st July 1995 and before 1st July 1996,

(b)the licence is the first vehicle licence to be taken out for the vehicle on or after 1st July 1995,

(c)apart from Part III of this Schedule, the annual rate of vehicle excise duty applicable to the vehicle would be found under any of the provisions falling within sub-paragraph (3) below, and

(d)the new amount of duty exceeds the old amount of duty by more than £1,000.

(2)In such a case the amount of vehicle excise duty to be paid on the licence shall be an amount equal to £1,000 plus the old amount of duty.

(3)The provisions falling within this sub-paragraph are—

(a)paragraph 8(1) and (2)(b) of Schedule 1 to the 1994 Act;

(b)paragraph 8(1) and (2)(c) of that Schedule;

(c)paragraph 8(1) and (2)(d) of that Schedule;

(d)paragraph 12(2) of that Schedule;

(e)paragraph 12(3) to (5) of that Schedule.

(4)For the purposes of this paragraph—

(a)the new amount of duty is the amount of vehicle excise duty payable on the licence apart from this paragraph;

(b)the old amount of duty is the amount of vehicle excise duty that would be payable on the licence if Part III of this Schedule had not been enacted.

(5)This paragraph shall be construed in accordance with the 1994 Act.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources