Paragraph 4

(1)

To the extent that the denied advantage is a deferral of tax, the value of that advantage is—

(a)

25% of the amount of the deferred tax for each year of the deferral, or

(b)

a percentage of the amount of the deferred tax, for each separate period of deferral of less than a year, equating to 25% per year,

or, if less, 100% of the amount of the deferred tax.

(2)

This paragraph does not apply to a case to the extent that paragraph 3 applies.

Notes on Schedule 30

F1: Words in Sch. 30 heading inserted (with effect in accordance with Sch. 28 para. 15 of the amending Act) by Finance Act 2021 (c. 26), Sch. 28 para. 10