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Finance Act 2016

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This is the original version (as it was originally enacted).

Vehicle excise duty

150VED: 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(2) (vehicle not covered elsewhere in Schedule with engine cylinder capacity exceeding 1,549cc), for “£230” substitute “£235”.

(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£ £
130140120130
140150135145
150165175185
165175290300
175185345355
185200490500
200225640650
225255875885
25511101120
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
150165175185
165175200210
175185220230
185200260270
200225285295
225255490500
255505515”;

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

(a)in column (3), in the last two rows, “285” were substituted for “490” and “505”, and

(b)in column (4), in the last two rows, “295” were substituted for “500” and “515”.

(4)In paragraph 1J (VED rates for light goods vehicles), in paragraph (a), for “£225” substitute “£230”.

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

(a)in paragraph (b), for “£38” substitute “£39”,

(b)in paragraph (c), for “£59” substitute “£60”, and

(c)in paragraph (d), for “£81” substitute “£82”.

(6)The amendments made by this section have effect in relation to licences taken out on or after 1 April 2016.

151VED: extension of old vehicles exemption from 1 April 2017

(1)Paragraph 1A of Schedule 2 to VERA 1994 (exemption for old vehicles) is amended as follows.

(2)In sub-paragraph (1) for the words from “if” to the end substitute “during the period of 12 months beginning with 1 April in any year if it was constructed more than 40 years before 1 January in that year.”

(3)After that sub-paragraph insert—

(1A)But nothing in sub-paragraph (1) 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.

(4)The amendments made by this section come into force on 1 April 2017.

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