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Finance Act 2005 (2005 c 7) | Legislation

Vehicle excise duty

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(1)     VERA 1994 is amended as follows.

(2)     In section 4 (vehicle licences: amount of duty), omit—

(a)     subsection (3) (treatment of fractions of five pence in determining rate of duty on six month licence which is set at 55% of annual rate), and

(b)     in subsection (7) (power to amend or repeal by order), “or (3)â€.

(3)     In section 13(3)(b) (trade licences: annual rate of duty for licences not to be used only for motorcycles not exceeding 450 kilograms in weight unladen) as currently in force, for “annual rate currently applicable to a vehicle under paragraph 1(2) of Schedule 1†substitute “basic goods vehicle rate currently applicableâ€.

(4)     In section 13(4)(b) (trade licences: annual rate of duty for licences not to be used only for motorcycles not exceeding 450 kilogrammes in weight unladen) as set out in paragraph 8(1) of Schedule 4 to have effect on and after a day appointed by

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