Search Legislation

Finance Act 1986

Status:

This is the original version (as it was originally enacted).

9(1)Section 16 of the 1972 Act (trade licences) shall be amended as follows.

(2)In subsection (1) (issue of trade licences) at the end of paragraph (c) (vehicles for which a manufacturer may use a trade licence) there shall be inserted the words "and all vehicles which are from time to time submitted to him by other manufacturers for testing on roads in the course of that business".

(3)In subsection (2), at the beginning of paragraph (c) (restrictions on use of trade licence) there shall be inserted the words "except in such circumstances as may be prescribed".

(4)After subsection (2) there shall be inserted the following subsection—

(2A)Subsections (1) and (2) have effect in relation to an application made by a person who satisfies the Secretary of State that he intends to commence business as a motor trader or vehicle tester as they have effect in relation to an application made by a motor trader or vehicle tester.

(5)In subsection (4) (which specifies the cases in which regulations may allow a vehicle to be used under a trade licence to carry a load) after paragraph (b) there shall be inserted the following paragraph—

(bb)in the case of a vehicle which is being delivered or collected, a load consisting of another vehicle used or to be used for travel from or to the place of delivery or collection; or.

(6)Subsection (5) (duration of trade licence) shall be amended as follows—

(a)for the words "A trade licence", including those words where they appear in the subsection as set out in paragraph 12 of Part I of Schedule 9 to the 1972 Act, there shall be substituted "Subject to subsections (5A) and (5B), a trade licence";

(b)for paragraph (b) there shall be substituted—

(b)for a period of six months; and

(c)in the subsection as set out in paragraph 12 of Part I of Schedule 9 to the Act for the words from "except" to the end there shall be substituted "for a period of six months beginning with the first day of January or of July".

(7)After subsection (5) there shall be inserted the following subsections—

(5A)A trade licence taken out by a person who is not a motor trader or vehicle tester (having satisfied the Secretary of State as mentioned in subsection (2A)) shall be for a period of six months only.

(5B)The Secretary of State may require that a trade licence taken out by a motor trader or vehicle tester who does not hold any existing trade licence shall be for a period of six months only.

(8)Subsection (6) (fees) shall be amended as follows—

(a)for the words "four months" and "eleven thirtieths" there shall be substituted respectively "six months" and "eleven twentieths"; and

(b)in the subsection as set out in paragraph 12 of Part I of Schedule 9 to the Act, for the words "three months" and "eleven fortieths" there shall be substituted respectively "six months" and "eleven twentieths".

(9)In subsection (10), in the definition of "motor trader", for the words from "means" to "this section" there shall be substituted "means—

(a)a manufacturer or repairer of, or dealer in, mechanically propelled vehicles, or

(b)any person not falling within paragraph (a) above who carries on a business of such description as may be prescribed;

and a person shall be treated for the purposes of paragraph (a)".

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 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