Finance Act, 1980

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Amendment of Finance (Excise Duties) (Vehicles) Act, 1952.

91.—The Finance (Excise Duties) (Vehicles) Act, 1952 , is hereby amended—

(a) as respects licences under that Act for periods beginning on or after the 1st day of April, 1980—

(i) in section 1 (2) (b), by the substitution of “£10 or less” for “five pounds or less” (inserted by the Finance Act, 1966 ) and

(ii) in paragraph 4 of Part I of the Schedule—

(I) by the substitution of “£10” for “25p” in subparagraph (a),

(II) by the substitution of “£10” for “£1” (inserted by the Finance Act, 1973 ) in subparagraph (b), and

(III) by the substitution of “£10” for “£5” (inserted by the Finance Act, 1973 ) in subparagraph (c), and

(b) with effect as on and from the 1st day of April, 1980, by the substitution in section 4 (1A) (inserted by the Finance Act, 1961 ) of the following paragraphs for paragraphs (a) and (b):

“(a) three pounds if the period of the licence is one year, and

(b) three pounds for each year of the period of the licence if that period is two or more years.”.