SCHEDULES
SCHEDULE 30Section 208 F1or 208A penalty: value of the denied advantage
Annotations:
Amendments (Textual)
Value of denied advantage: deferred tax
4
1
To the extent that the denied advantage is a deferral of tax, the value of that advantage is—
a
25% of the amount of the deferred tax for each year of the deferral, or
b
a percentage of the amount of the deferred tax, for each separate period of deferral of less than a year, equating to 25% per year,
or, if less, 100% of the amount of the deferred tax.
2
This paragraph does not apply to a case to the extent that paragraph 3 applies.
Words in Sch. 30 heading inserted (with effect in accordance with Sch. 28 para. 15 of the amending Act) by Finance Act 2021 (c. 26), Sch. 28 para. 10