{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-30/paragraph-16",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-30/paragraph-16.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/30/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": null,
  "text": "(1) Amount C arises if paragraph (c) of section 179(2) (amount payable for a period to be not less than required amount) is not complied with and is calculated as follows.\n(2) In relation to each period beginning with the date on which the loan is made and ending with the last day of a loan year, calculate—\nRA-APwhere—\nRA is the required amount in relation to that period, and\nAP is the amount payable during that period.\n(3) If an amount calculated under sub-paragraph (2) is negative, treat that amount as nil.\n(4) Amount C is the largest of the amounts calculated under sub-paragraph (2).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/30/paragraph/16",
    "retrieved_at": "2026-10-29T09:17:16.113356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}