I looked up acronyms for PU, the only one I could find relating to smell would be pig urine. But all of the other info about it I found said that it doesn't actually stand for specific words starting with the letters P and U. Here is the best answer I found from the website- The Phrase Finder:
National Transport Authority > Taxi and Bus Licensing > Taxi > SPSV Driver Licensing > Renew an SPSV Driver Licence. A regular SPSV driver licence is valid for five years and is renewable; a local area hackney driver licence is valid for three years and cannot be renewed. (The holder of a local area hackney driver licence who wishes to continue operating can, however, apply for a new licence.) To renew your SPSV driver licence, you must hold: 1  A valid full Irish driving licence or equivalent; 2  A valid SPSV driver licence; 3  Must be Tax Cleared with Revenue.
1 Whether you are issued a five or ten-year license depends on the mode of renewal.  It is advisable to renew your driver's license before the birthday on which it will expire. You can renew your driver's license within nine months of expiration date.