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Finance Act 2015

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This is the original version (as it was originally enacted).

Vehicle excise duty

58VED rates for light passenger vehicles and motorcycles

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

(2)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££
130140120130
140150135145
150165170180
165175285295
175185340350
185200480490
200225630640
225255860870
25510901100
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££
1001101020
1101202030
120130100110
130140120130
140150135145
150165170180
165175195205
175185215225
185200255265
200225280290
225255480490
255495505;

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

(a)in column (3), in the last two rows, “280” were substituted for “480” and “495”, and

(b)in column (4), in the last two rows, “290” were substituted for “490” and “505”.

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

(a)in paragraph (c), for “£58” substitute “£59”, and

(b)in paragraph (d), for “£80” substitute “£81”.

(4)The amendments made by this section have effect in relation to licences taken out on or after 1 April 2015.

59VED: extension of old vehicles exemption from 1 April 2016

(1)In Schedule 2 to VERA 1994 (exempt vehicles) in paragraph 1A(1) (exemption for old vehicles) for the words from “constructed” to the end substitute “constructed before 1 January 1976”.

(2)The amendment made by subsection (1) comes into force on 1 April 2016; but nothing in that subsection has the effect that a nil licence is required to be in force in respect of a vehicle while a vehicle licence is in force in respect of it.

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