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 -

(a) the new vehicle has a level of CO₂ emissions of not more than 140g/km,

(b) the new vehicle is first registered during the period 1 January 2010 to 31 December 2010,

(c) the person becomes registered as the owner of the new vehicle at the time when it is first registered,