(a) Subject to paragraph (b), sections 25 to 29 of the Finance Act, 1973, shall have effect, in relation to expenditure incurred on the provision or hiring of a vehicle to which those sections apply, as if for "£2,500" (construed as a reference to £13,000 by virtue of section 21 of the Finance Act, 1994), in each place where it occurs in those sections, there were substituted "£14,000".
(b) Paragraph (a) shall apply only to expenditure incurred on the provision or hiring of a vehicle which, on or after the 9th day of February, 1995, is not a used or secondhand vehicle and is first registered in the State under section 131 of the Finance Act, 1992, without having been previously registered in any other State which duly provides for the registration of a mechanically propelled vehicle, and it does not include -
(i) as respects the said sections 25 to 27, expenditure incurred before the 9th day of February, 1995, or incurred within 12 months after that date under a contract en