Finance Act, 1999
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Amendment of section 132 (charge of excise duty) of Finance Act, 1992. |
116.—As respects vehicle registration tax charged, levied and paid as on and from the 1st day of January, 1999, section 132 of the Finance Act, 1992 , is hereby amended, in subsection (3), by the substitution of the following paragraphs for paragraph (a) (inserted by the Finance (No. 2) Act, 1992 ): | |
“(a) in case the vehicle the subject of the registration or declaration concerned is a category A vehicle which has an engine of a cylinder capacity exceeding 2,000 cubic centimetres, at the rate of an amount equal to 30 per cent. of the value of the vehicle or £250, whichever is the greater, | ||
(aa) in case the vehicle the subject of the registration or declaration concerned is a category A vehicle which has an engine of a cylinder capacity exceeding 1,400 cubic centimetres but not exceeding 2,000 cubic centimetres, at the rate of an amount equal to 25 per cent. of the value of the vehicle or £250, whichever is the greater,”. |