# Finance Act 2016, Section 151: VED: extension of old vehicles exemption from 1 April 2017


(1) Paragraph 1A of Schedule 2 to VERA 1994 (exemption for old vehicles) is amended as follows.
(2) In sub-paragraph (1) for the words from “if” to the end substitute “ during the period of 12 months beginning with 1 April in any year if it was constructed more than 40 years before 1 January in that year. ”
(3) After that sub-paragraph insert—
“(1A) But nothing in sub-paragraph (1) has the effect that a nil licence is required to be in force in respect of a vehicle while a vehicle licence is in force in respect of it.”
(4) The amendments made by this section come into force on 1 April 2017.

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Source: https://www.legislation.gov.uk/ukpga/2016/24/section/151 (the official version)
Page: https://openlegislation.uk/finance-act-2016/section-151
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.