(1) Section 135C of the Finance Act 1992 is amended -

(a) in subsection (1) by substituting the following for paragraph (a):

"(a) Where a person first registers a category A vehicle or a category B vehicle during the period from 1 January 2011 to 31 December 2014 and the Commissioners are satisfied that the vehicle is a series production hybrid electric vehicle then the Commissioners shall remit or repay to that person an amount equal to the lesser of -

(i) the vehicle registration tax which, apart from this subsection, would be payable in respect of the vehicle in accordance with paragraph (a) or (c) of section 132(3), or

(ii) the amount specified in the Table to this subsection which is referable to the vehicle having regard to its age.",

and

(b) in subsections (2), (3) and (4) by substituting "31 December 2014" for "31 December 2013" in each place.

(2) Subsection (1) comes into operation on 1 January 2014.