# Finance Act 2026, Section 97: Vehicle excise duty: expensive car supplement

Extent: E+W+S+N.I.

(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).

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Source: https://www.legislation.gov.uk/ukpga/2026/11/section/97 (the official version)
Page: https://openlegislation.uk/finance-act-2026/section-97
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.