Section 150 | VED: rates for light passenger vehicles, light goods vehicles, motorcycles etc

From legislation.gov.uk

(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 — shown as text

CO2 emissions figure Rate (1) (2) (3) (4) Exceeding Not exceeding Reduced rate Standard rate g/km g/km £ £ 130 140 120 130 140 150 135 145 150 165 175 185 165 175 290 300 175 185 345 355 185 200 490 500 200 225 640 650 225 255 875 885 255 1110 1120

Table 2 Rates payable on any other vehicle licence for vehicle — shown as text

CO2 emissions figure Rate (1) (2) (3) (4) Exceeding Not exceeding Reduced rate Standard rate g/km g/km £ £ 100 110 10 20 110 120 20 30 120 130 100 110 130 140 120 130 140 150 135 145 150 165 175 185 165 175 200 210 175 185 220 230 185 200 260 270 200 225 285 295 225 255 490 500 255 505 515”;

(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.