Finance Act, 1921

Power to issue licences for mechanically-propelled vehicles for periods less than a year.

22—(1) On and after the first day of January, nineteen hundred and twenty-two, licences under the Finance Act, 1920 , in respect of mechanically propelled vehicles (other than tramcars or vehicles on which a duty of five shillings is chargeable under that Act) may be taken out for such periods of the year and on payment of duty at such rates as the Minister of Transport may be order prescribe:

Provided that—

(a) every rate of duty prescribed under this section in respect of a licence taken out for any vehicle for any period of the year shall be such as to bear to the full annual duty chargeable in respect of that vehicle no less proportion than the period for which the licence is taken out bears to a year; and

(b) the rate of duty so prescribed in respect of a licence for any vehicle to which proviso (a) to subsection (2) of section thirteen of the Finance Act, 1920 , applies for any such period as is mentioned in that proviso shall not exceed thirty per cent. of the full annual duty, and the rate prescribed in respect of a licence for a cycle taken out on or after the first day of October in any year shall not exceed one-half of the full annual duty.

(2) Proviso (a) to subsection (2) of section thirteen of the Finance Act, 1920 , and the words “cycle or” in proviso (b) to the said subsection are hereby repealed.