Paragraph 20 F1

In Schedule 43C to FA 2013 (general anti-abuse rule: supplementary provision about penalty), sub-paragraph (6) of paragraph 8 is amended as follows.

After paragraph (b) insert—

“(ba)

125% in a case where neither paragraph (a) nor paragraph (b) applies and at least one of the penalties is determined by reference to the percentage in—

(i)

paragraph 4(2)(c) of Schedule 24 to FA 2007 ,

(ii)

paragraph 6(2)(a) of Schedule 41 to FA 2008 ,

(iii)

paragraph 6(3A)(a) of Schedule 55 to FA 2009 , ”.

In sub-paragraph (c) for “neither paragraph (a) nor paragraph (b) applies” substitute “none of paragraphs (a) to (ba) applies.

In sub-paragraph (d) for “none of paragraphs (a), (b) and (c) applies” substitute “none of paragraphs (a) to (c) applies.