{
  "url": "https://openlegislation.uk/finance-act-2021/schedule-32/paragraph-13",
  "json_url": "https://openlegislation.uk/finance-act-2021/schedule-32/paragraph-13.json",
  "legislation": "ukpga/2021/26",
  "legislation_title": "Finance Act 2021",
  "legislation_url": "https://openlegislation.uk/finance-act-2021",
  "path": "schedule/32/paragraph/13",
  "kind": "paragraph",
  "number": "13",
  "heading": null,
  "text": "(1) Schedule 43C (penalty under section 212A: supplementary provision) is amended as follows.\n(2) In the heading after “212A” insert “ or 212B ”.\n(3) In paragraph 1, for “section 212A” substitute “ sections 212A and 212B ”\n(4) In paragraph 2—\n(a) for sub-paragraph (1), substitute—\n“(1) The “value of the counteracted tax advantage” is—\n(a) for a penalty under section 212A, the additional amount due or payable in respect of tax as a result of the counteraction mentioned in subsection (1)(d) of that section, and\n(b) for a penalty under section 212B, the additional amount due or payable in respect of tax (by the partner in question) as a result of the counteraction mentioned in subsection (1)(b) of that section.”,\n(b) for “section 212A(1)(c)” substitute “ section 212A(1)(d) or as result of the counteraction mentioned in 212B(1)(b) (as the case may be) ”, and\n(c) in sub-paragraph (5), for “the”, in the second place it occurs, substitute “ a ”.\n(5) In paragraph 3(1) omit “mentioned in section 212A(1)(b) (“the tax advantage”)”.\n(6) In paragraph 4(1), after “212A” insert “ or 212B (as the case may be) ”.\n(7) In paragraph 5—\n(a) in sub-paragraph (1), after “212A” insert “ or 212B (as the case may be) ”, and\n(b) in sub-paragraph (2), for paragraph (a) substitute—\n“(a) notify—\n(i) where the penalty is under section 212A, the person who is liable for it;\n(ii) where the penalty is under section 212B, the person who is liable for it and the responsible partner.”, and\n(c) in sub-paragraph (5), after “section 212A(1)(d)” insert “ or section 212B(1)(b) (as the case may be) ”.\n(8) In paragraph 8—\n(a) in sub-paragraph (1)(b), after “212A” insert “ or 212B (as the case may be) ”, and\n(b) in sub-paragraph (4), after “212A” insert “ or 212B ”.\n(9) In paragraph 9—\n(a) in sub-paragraph (1)(a), after “212A” insert “ or 212B ”, and\n(b) after sub-paragraph (1) insert—\n“(1A) Where the penalty is under section 212B, an appeal against it must be brought by the responsible partner.”\n(10) In paragraph 10(1), after section 212A insert “ or 212B ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2021/26/schedule/32/paragraph/13",
    "retrieved_at": "2026-10-29T08:58:11.025653+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."
}