{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-18/paragraph-34",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-18/paragraph-34.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/18/paragraph/34",
  "kind": "paragraph",
  "number": "34",
  "heading": null,
  "text": "(1) To the extent that the counteracted advantage (see paragraph 35) is a deferral of tax (other than VAT), the value of that advantage is—\n(a) 25% of the amount of the deferred tax for each year of the deferral, or\n(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,\nor, if less, 100% of the amount of the deferred tax.\n(2) This paragraph does not apply to a case to the extent that paragraph 33 applies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/18/paragraph/34",
    "retrieved_at": "2026-10-29T09:06:05.350093+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."
}