SCHEDULES

SCHEDULE 30Section 208 F1or 208A penalty: value of the denied advantage

Annotations:
Amendments (Textual)
F1

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

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.