Section 14Part 2 — Registration and Licensing of Vehicles
Commencement and duration of licences: rate of fees
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Except as provided in subsection (2), a vehicle licence may be taken out for three months, six months, twelve months, twenty-four months, thirty-six months or sixty months and shall come into effect —
on the first application, on the day of issue; or
on a subsequent application, on the day following the day of expiry of the last licence issued, irrespective of the date of that application.
A licence may be issued for the following maximum periods in respect of the following vehicles —
five years, for a new vehicle being registered for the first time in the Islands;
three years, for a vehicle that is less than ten years old, if the vehicle was registered before; and
one year, for a vehicle that is more than ten years old, whether or not the vehicle was registered before.
A vehicle licence issued under subsection (1) or (2) comes into effect on the day following the last day of the period in question.
Except as provided in subsection (5), the fee payable on a vehicle licence shall —
if the vehicle licence is taken out for a period of twelve months, twenty-four months or thirty-six months, be paid at the annual rate of duty applying to vehicles of that description and prescribed by regulations made under section 22; and
if the vehicle licence is taken out for three months or six months, be paid at a rate of twenty-five per cent and fifty per cent respectively of the prescribed annual rate, plus such surcharge as may be prescribed.
A disabled person is entitled to register and license one vehicle free of fee and no fee shall be payable in respect of a vehicle registered and licensed in the name of an institution one of whose principal aims is to render assistance to disabled persons.
A person who is the spouse, parent, legal guardian or adult child of a disabled person is entitled to register and license one vehicle free of fee on behalf of the disabled person but no more than one such registration is permitted at any one time.
Where the licence for a vehicle has expired, the amount of the fee for renewal shall be increased to take into account the period between the expiry of the licence and the date of renewal.
The fee referred to in subsection (6) may be paid over a three-month period if the vehicle licence is renewed for a maximum period of three months.