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FINANCE BILL 2001

DEPARTMENT OF THE ENVIRONMENT, TRANSPORT AND THE REGIONS

CLAUSE 11:  RATES OF DUTY FOR RECOVERY VEHICLES

SUMMARY

1. This clause changes the rates of excise duty payable for recovery vehicles, with effect from 1 December 2001.

DETAILS OF THE CLAUSE

2. Subsection (1) provides that this clause shall amend paragraph 5(1) of Schedule 1 to the Vehicle Excise and Registration Act 1994.

3. Subsection (2) provides that for recovery vehicles between 3.5 tonnes and 25 tonnes, the rate of duty will be the same as the basic goods vehicle rate, i.e. £165.

4. Subsection (3) provides that for recovery vehicles over 25 tonnes, the rate will be amended from 500% of the basic goods vehicle rate to 250%, i.e. from £830 to £415.

5. Subsection (4) provides that these changes will have effect for licences issued on or after 1 December 2001.

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Finance Bill 2001 index of clauses