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Finance Act 2012

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This is the original version (as it was originally enacted).

Vehicle excise duty

195VED rates for light passenger vehicles, light goods vehicles, motorcycles etc

(1)Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows.

(2)In paragraph 1 (general)—

(a)in sub-paragraph (2) (vehicle not covered elsewhere in Schedule otherwise than with engine cylinder capacity not exceeding 1,549cc), for “£215” substitute “£220”, and

(b)in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with engine cylinder capacity not exceeding 1,549cc), for “£130” substitute “£135”.

(3)In paragraph 1B (graduated rates of duty for light passenger vehicles)—

(a)for the tables substitute—

Table 1
Rates payable on first vehicle licence for vehicle
CO2 emissions figureRate
(1)(2)(3)(4)
ExceedingNot exceedingReduced rateStandard rate
g/kmg/km££
130140110 120
140150125 135
150165160 170
165175265 275
175185315 325
185200450 460
200225590 600
225255805 815
2551020 1030
Table 2
Rates payable on any other vehicle licence for vehicle
CO2 emissions figureRate
(1)(2)(3)(4)
Exceeding Not exceedingReduced rateStandard rate
g/kmg/km££
100110 1020
110120 2030
120130 90100
130140110 120
140150125 135
150165160 170
165175185 195
175185205 215
185200240 250
200225260 270
225255450 460
255465 475;

(b)in the sentence immediately following the tables, for paragraphs (a) and (b) substitute—

(a)in column (3), in the last two rows, “260” were substituted for “450” and “465”, and

(b)in column (4), in the last two rows, “270” were substituted for “460” and “475”.

(4)In paragraph 1J (VED rates for light goods vehicles)—

(a)in paragraph (a), for “£210” substitute “£215”, and

(b)in paragraph (b), for “£130” substitute “£135”.

(5)In paragraph 2(1) (VED rates for motorcycles)—

(a)in paragraph (b), for “£35” substitute “£36”,

(b)in paragraph (c), for “£53” substitute “£55”, and

(c)in paragraph (d), for “£74” substitute “£76”.

(6)The amendments made by this section have effect in relation to licences taken out on or after 1 April 2012.

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