{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-50",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-50.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/14/paragraph/50",
  "kind": "paragraph",
  "number": "50",
  "heading": "Multiple tax-geared penalties in respect of same accounting period",
  "text": "(1) This paragraph applies where a person incurs more than one penalty in respect of multinational top-up tax whose amount falls to be determined by reference to the tax payable in relation to the same accounting period.\n(2) The amount of each penalty after the first is to be reduced so that the total amount of all such penalties , so far as determined by reference to any particular part of the tax, in the period does not exceed the greatest amount incurred for any such penalty (so far as so determined).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 14 para. 50(1) substituted (with effect in accordance with Sch. 8 para. 53(5)-(13) of the amending Act) by Finance Act 2026 (c. 11), Sch. 8 paras. 49(b)(i), 53(5)-(13)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 14 para. 50(2) inserted (with effect in accordance with Sch. 8 para. 53(5)-(13) of the amending Act) by Finance Act 2026 (c. 11), Sch. 8 paras. 49(b)(ii), 53(5)-(13)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 14 para. 50(2) inserted (with effect in accordance with Sch. 8 para. 53(5)-(13) of the amending Act) by Finance Act 2026 (c. 11), Sch. 8 paras. 49(b)(iii), 53(5)-(13)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in Sch. 14 para. 50 cross-heading inserted (with effect in accordance with Sch. 8 para. 53(5)-(13) of the amending Act) by Finance Act 2026 (c. 11), Sch. 8 paras. 49(a), 53(5)-(13)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/50",
    "retrieved_at": "2026-10-29T08:52:11.242356+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."
}