{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-38/paragraph-40",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-38/paragraph-40.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/38/paragraph/40",
  "kind": "paragraph",
  "number": "40",
  "heading": null,
  "text": "A loss of tax revenue is taken for the purposes of this Schedule to be (or to be capable of being) brought about by sanctionable conduct despite the fact that the loss can be recovered or properly accounted for (following discovery of the conduct or otherwise).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in Sch. 38 para. 40 substituted (1.4.2026) by Finance Act 2026 (c. 11), s. 250(2), Sch. 22 para. 28"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 38 para. 40 in force at 1.4.2013 by S.I. 2013/279, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/38/paragraph/40",
    "retrieved_at": "2026-10-29T09:08:44.989153+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."
}