Part I Excise duties

Vehicle excise duty

21 Increase in general rate

(1) In paragraph 1 of Schedule 1 to the [1994 c. 22.] Vehicle Excise and Registration Act 1994 (rate of duty applicable where no other rate specified)—

(a) in sub-paragraph (2) (the standard rate), for “£155” substitute “£160”; and

(b) in sub-paragraph (2A) (the reduced rate), for “£100” substitute “£105”.

(2) This section applies to licences issued on or after 1st March 2001.