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STATUTORY INSTRUMENTS
2005 No. 2460
ROAD TRAFFIC
The Road Vehicles (Payment of Duty by Credit Card) (Prescribed Fee) Regulations 2005
| |
Made |
31st August 2005 | |
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Laid before Parliament |
8th September 2005 | |
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Coming into force |
14th October 2005 | |
The Secretary of State for Transport, in exercise of the powers conferred by sections 19C(2) and (4) and 57(1) and (2)(b) of the Vehicle Excise and Registration Act 1994[1] and in respect of the exercise of the powers conferred by section 19C(4) of that Act with the approval of the Treasury, hereby makes the following Regulations:
Citation and commencement
1.
These Regulations may be cited as the Road Vehicles (Payment of Duty by Credit Card) (Prescribed Fee) Regulations 2005 and shall come into force on 14th October 2005.
Prescribed fee
2.
The fee prescribed for the purposes of section 19C(2) of the Vehicle Excise and Registration Act 1994 is £2.50 in respect of the acceptance of a credit card payment of the duty payable on each vehicle licence or trade licence for which application is made.
Meaning of "credit card"
3.
For the purposes of section 19C "credit card" means—
(a) a card which is a credit-token within the meaning of section 14(1)(b) of the Consumer Credit Act 1974[2]; or
(b) a card which would be a credit-token within the meaning of that section were it to be given to an individual.
Signed by the authority of the Secretary of State
S J Ladyman
Minister of State Department for Transport
20th August 2005
We approve the making of these Regulations
Joan Ryan
Tom Watson
Two of the Lords Commissioners of Her Majesty's Treasury
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations prescribe the fee which is payable under section 19C of the Vehicle Excise and Registration Act 1994 upon the acceptance of a credit card payment in respect of the vehicle excise duty payable upon each vehicle licence or trade licence for which application is made (regulation 2). The fee is £2.50 and such amount has been approved by the Treasury.
The Regulations also prescribe the meaning of "credit card" for the purposes of that section (regulation 3).
A full Regulatory Impact Assessment of the effect that these Regulations will have on the costs of business is available from the Vehicle Policy Group at the Driver and Vehicle Licensing Agency (DVLA), Swansea, SA99 7JL (telephone number: 0870 240 0010; fax: 01792 782793). A copy has been placed in the library of both Houses of Parliament. The Assessment may also be found by visiting the DVLA website at www.dvla.gov.uk.
Notes:
[1]
1994 c.22; section 19C was inserted by the Finance Act 2004 (c.12) section 18.back
[2]
1974 c.39.back
ISBN
0 11 073328 2
| © Crown copyright 2005 |
Prepared
15 September 2005
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