Section 97 | Vehicle excise duty: expensive car supplement

(1)In paragraph 1GE of Schedule 1 to VERA 1994 (rates for light passenger vehicles registered on or after 1 April 2017 with a price exceeding £40,000)—

(a)in sub-paragraph (1)(a), for “£40,000” substitute “the applicable amount”, and

(b)after sub-paragraph (1) insert—

(1A)For the purposes of sub-paragraph (1) “the applicable amount” is—

(a)in the case of a vehicle whose applicable CO2 emissions figure in grams per kilometre driven is zero, £50,000, and

(b)in any other case, £40,000.

(2)The amendments made by this section have effect in relation to any licence where the period for which the licence has effect begins on or after 1 April 2026 (whenever the licence is taken out).