# Revenue Scotland and Tax Powers Act 2014, Section 190: Potential lost revenue: delayed tax


(1) Where an inaccuracy resulted in an amount of tax being declared later than it should have been (“the delayed tax”), the potential lost revenue is—
(a) 5% of the delayed tax for each year of the delay, or
(b) a percentage of the delayed tax, for each separate period of delay of less than a year, equating to 5% per year.
(2) This section does not apply to a case to which section 189 applies.

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Source: https://www.legislation.gov.uk/asp/2014/16/section/190 (the official version)
Page: https://openlegislation.uk/revenue-scotland-and-tax-powers-act-2014/section-190
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.