# Finance Act 2008, Paragraph 6


In paragraph 4 (standard amount), after sub-paragraph (1) insert—
“(1A) The penalty payable under paragraph 1A is 100% of the potential lost revenue.”

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/40/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-40/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.