240 Amount of charge
Finance Act 2004 (2004 c 12) | Legislation

240  Amount of charge

(1)     The scheme sanction charge for any tax year is a charge at the rate of 40% in respect of the scheme chargeable payment, or the aggregate of the scheme chargeable payments, made by the pension scheme in the tax year.

(2)     But if—

(a)     the scheme chargeable payment is an unauthorised payment, or any of the scheme chargeable payments

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