SCHEDULES
SCHEDULE 1 Annual rates of duty
F1PART 1AALight Passenger Vehicles Registered On or After 1 April 2017
Higher rates of duty: vehicles with a price exceeding £40,000
1GE
1
Sub-paragraph (2) applies for the purpose of determining the rate at which vehicle excise duty is to be paid on any other vehicle licence for a vehicle to which this Part applies if—
a
the price of the vehicle exceeds £40,000,
b
the vehicle was first registered, under this Act or under the law of a country or territory outside the United Kingdom, less than six years before the date on which the licence has effect, and
c
the vehicle's applicable CO2 emissions figure exceeds 0 g/km.
2
The annual rate of vehicle excise duty applicable to the vehicle is—
a
F6£510, if the vehicle qualifies for the reduced rate, or
b
F7£520, if the vehicle is liable to the standard rate.
F33
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F44
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F25
F5Sub-paragraph (2) does not apply to a vehicle if when it is first registered, whether that is under this Act or under the law of a country or territory outside the United Kingdom, it is a taxi capable of zero emissions (see paragraph 1GG).
Sch. 1 Pt. 1AA inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 46(2)(c)