{
  "url": "https://openlegislation.uk/finance-act-2014/section-275",
  "json_url": "https://openlegislation.uk/finance-act-2014/section-275.json",
  "legislation": "ukpga/2014/26",
  "legislation_title": "Finance Act 2014",
  "legislation_url": "https://openlegislation.uk/finance-act-2014",
  "path": "section/275",
  "kind": "section",
  "number": "275",
  "heading": "Failure to comply with Part 7 of the Finance Act 2004",
  "text": "In section 98C of TMA 1970 (notification under Part 7 of FA 2004), after subsection (2E) insert—\n“(2EA) Where a person fails to comply with—\n(a) section 309 of that Act and the promoter for the purposes of that section is a monitored promoter for the purposes of Part 5 of the Finance Act 2014, or\n(b) section 310 of that Act and the arrangements for the purposes of that section are arrangements of such a monitored promoter,\nthen for the purposes of section 118(2) of this Act legal advice which the person took into account is to be disregarded in determining whether the person had a reasonable excuse, if the advice was given or procured by that monitored promoter.\n(2EB) In determining for the purpose of section 118(2) of this Act whether or not a person who is a monitored promoter within the meaning of Part 5 of the Finance Act 2014 had a reasonable excuse for a failure to do anything required to be done under a provision mentioned in subsection (2), reliance on legal advice is to be taken automatically not to constitute a reasonable excuse if either—\n(a) the advice was not based on a full and accurate description of the facts, or\n(b) the conclusions in the advice that the person relied on were unreasonable.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/26/section/275",
    "retrieved_at": "2026-10-29T09:07:29.129035+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."
}