{
  "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-27/paragraph-14",
  "json_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-27/paragraph-14.json",
  "legislation": "ukpga/1988/1",
  "legislation_title": "Income and Corporation Taxes Act 1988",
  "legislation_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
  "path": "schedule/27/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "If, in the case of any account period of an offshore fund ending after the passing of the Finance (No. 2) Act 1987 (23rd July 1987), it appears to the Board that there has been a failure to comply with the condition in section 760(3)(a) (as modified, where appropriate, by the preceding provisions of this Part of this Schedule) but the Board are satisfied—\n(a) that the failure occurred inadvertently; and\n(b) that the failure was remedied without unreasonable delay,\nthe Board may disregard the failure in determining whether to certify the fund as a distributing fund in respect of that account period.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 27 para. 14 substituted (with effect in accordance with s. 145(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 26 para. 14(7) (with Sch. 26 para. 17)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1987 c. 51."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14",
    "retrieved_at": "2026-10-29T09:49:54.309394+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."
}