Legislation – Finance Act 2026
Changes to legislation:
Finance Act 2026, Section 92 is up to date with all changes known to be in force on or before 17 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 92:
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Part 3Other existing taxes
Taxes relating to vehicles
92Vehicle excise duty for light passenger or light goods vehicles etc
(1)
Schedule 1 to VERA 1994 (annual rates of vehicle excise duty) is amended as follows.
(2)
In paragraph 1 (general rate)—
(a)
in sub-paragraph (2) (vehicle not covered elsewhere in Schedule with engine cylinder capacity exceeding 1,549cc), for “£360” substitute “£375”
, and
(b)
in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with engine cylinder capacity not exceeding 1,549cc), for “£220” substitute “£230”
.
(3)
“CO2 Emissions Figure
(1)
(2)
(3)
Exceeding or, in the first row, equal to or exceeding
Not exceeding
Rate
g/km
g/km
£
0
100
20
100
110
20
110
120
35
120
130
170
130
140
200
140
150
225
150
165
275
165
175
325
175
185
360
185
200
410
200
225
445
225
255
760
255
—
790”.
(4)
In the sentence immediately following the Table in that paragraph, for the words from “as if” to the end substitute “as if, in column (3), in the last two rows, “445” were substituted for “760” and “790”.”
(5)
“CO2 Emissions Figure
(1)
(2)
(3)
Exceeding or, in the first row, equal to
Not exceeding
Rate
g/km
g/km
£
0
0
10
0
50
115
50
75
135
75
90
280
90
100
365
100
110
405
110
130
455
130
150
560
150
170
1410
170
190
2270
190
225
3420
225
255
4850
255
—
5690”.
(6)
“CO2 Emissions Figure
Rate
(1)
(2)
(3)
Exceeding or, in the first row, equal to or exceeding
Not exceeding
Rate
g/km
g/km
£
0
50
135
50
75
280
75
90
365
90
100
405
100
110
455
110
130
560
130
150
1410
150
170
2270
170
190
3420
190
225
4850
225
255
5690
255
—
5690”.
(7)
In paragraph 1GD(1)(rates for any other licence for light passenger vehicles registered on or after 1 April 2017), for “£195” substitute “£200”
.
(8)
In paragraph 1GE(2) (rates for light passenger vehicles registered on or after 1 April 2017 with a price exceeding £40,000), for “£620” substitute “£640”
.
(9)
In paragraph 1J(a) (rates for light goods vehicles that are not pre-2007 or post-2008 lower emission vans), for “£345” substitute “£360”
.
(10)
In paragraph 2(1) (rates for motorcycles)—
(a)
in paragraph (a) (engine cylinder capacity not exceeding 150cc), for “£26” substitute “£27”
,
(b)
in paragraph (b) (motorbicycles with engine cylinder capacity exceeding 150cc but not exceeding 400cc), for “£57” substitute “£59”
,
(c)
in paragraph (c) (motorbicycles with engine cylinder capacity exceeding 400cc but not exceeding 600cc), for “£87” substitute “£90”
, and
(d)
in paragraph (d) (other cases), for “£121” substitute “£125”
.
(11)
The amendments made by this section have effect in relation to licences taken out on or after 1 April 2026.