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Finance Act 2014

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81VED rates for light passenger vehicles, light goods vehicles, motorcycles etc

This section has no associated Explanatory Notes

(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 “£225” substitute “£230”, and

(b)in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with engine cylinder capacity not exceeding 1,549cc), for “£140” substitute “£145”.

(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££
130140120 130
140150135 145
150165170 180
165175280 290
175185335 345
185200475 485
200225625 635
225255850 860
2551080 1090
Table 2
Rates payable on any other vehicle licence for vehicle
CO2 emissions figureRate
(1)(2)(3)(4)
ExceedingNot exceedingReduced rateStandard rate
g/kmg/km££
100110 10 20
110120 20 30
120130 100 110
130140120 130
140150135 145
150165170 180
165175195 205
175185215 225
185200255 265
200225275 285
225255475 485
255490 500;

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

(a)in column (3), in the last two rows, “275” were substituted for “475” and “490”, and

(b)in column (4), in the last two rows, “285” were substituted for “485” and “500”.

(4)In paragraph 1J (VED rates for light goods vehicles), in paragraph (a), for “£220” substitute “£225”.

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

(a)in paragraph (b), for “£37” substitute “£38”,

(b)in paragraph (c), for “£57” substitute “£58”, and

(c)in paragraph (d), for “£78” substitute “£80”.

(6)The amendments made by this section have effect in relation to licences taken out on or after 1 April 2014.

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