SCHEDULE 30 Section 208 [or 208A] Penalty: Value of the Denied Advantage
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 30 Section 208 [or 208A] Penalty: Value of the Denied Advantage

Section 209

Introduction

1

This Schedule applies for the purposes of calculating penalties under section 209.

Value of denied advantage: normal rule

2

(1)     The value of the denied advantage is the additional amount due or payable in respect of tax as a result of counteracting the denied advantage.

(2)     The reference in sub-paragraph (1) to the additional amount due or payable includes a reference to—

(a)     an amount payable to HMRC having erroneously been paid by way of repayment of tax, and

(b)     an amount which would be repayable by HMRC if the denied advantage were not counteracted.

(3)     The following are ignored in calculating the value of the denied advantage—

(a)     group relief, and

(b)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Notice of assignment

notice of [assignment OR transfer]To: [insert name of landlord][of [insert address] OR whose registered office is at [insert address] Company number [insert number]][and][To: [insert name of head landlord]][of [insert address] OR whose registered office is at [insert address] Company number [insert

LEXISNEXIS

Negligent misstatement—defences and remedies

Negligent misstatement—defences and remediesThere are a number of ways in which liability for negligent misstatement may be avoided and/or limited. For details on founding a claim of negligent misstatement, see Practice Note: Negligent misstatement—founding a claim.For guidance generally on clauses

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further

LEXISNEXIS

Nuisance and the rule in Rylands v Fletcher—common law liability for pollution

Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not