The Finance Act 1992 is amended by inserting the following after section 135B:
"135BA.
(1) In this section -
'new vehicle' means a category A vehicle that has not been registered or recorded under -
(a) section 131 of this Act or section 6 of the Roads Act 1920, or
(b) a system for maintaining a record of vehicles and their ownership established by or on behalf of the government of another state;
'scrapped vehicle' means a category A vehicle in respect of which a certificate of destruction has been issued in accordance with the Waste Management (End-of-Life Vehicles) Regulations 2006 (S.I. No. 282 of 2006) and references to 'scrapped' and 'certificate of destruction', in relation to such a vehicle, shall be construed accordingly.
(2) The Commissioners may repay to a person an amount of the vehicle registration tax paid in respect of a new vehicle equal to the lesser of the amount of the tax which, apart from this section, would be payable in respect of that vehicle or €1,500, where -
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