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.”. |