Section 87 — Finance Act 2014: Six month licence: tractive units

Six month licence: tractive units 87 1 In section 3 of VERA 1994 (duration of licences), for subsection (2) substitute— 2 A vehicle licence may be taken out for a vehicle for a period of six months running from the beginning of the month in which the licence first has effect if—

a the annual rate of vehicle excise duty in respect of the vehicle exceeds £50, or b the vehicle is one to which the annual rate of vehicle excise duty specified in paragraph 11C(2)(a) of Schedule 1 applies (tractive units: special cases).

2 The amendment made by this section has effect in relation to licences taken out on or after 1 April 2014.