Section 97 Vehicle excise duty: expensive car supplement
United Kingdom
(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).