{
  "url": "https://openlegislation.uk/tax-collection-and-management-wales-act-2016/section-138",
  "json_url": "https://openlegislation.uk/tax-collection-and-management-wales-act-2016/section-138.json",
  "legislation": "anaw/2016/6",
  "legislation_title": "Tax Collection and Management (Wales) Act 2016",
  "legislation_url": "https://openlegislation.uk/tax-collection-and-management-wales-act-2016",
  "path": "section/138",
  "kind": "section",
  "number": "138",
  "heading": "Potential lost revenue: delayed tax",
  "text": "(1) Where an inaccuracy resulted in an amount of WRA-collected tax being declared later than it should have been (“the delayed tax”), the potential lost revenue is—\n(a) 5% of the delayed tax for each year of the delay;\n(b) a percentage of the delayed tax, for each period of delay of less than a year, equating to 5% per year.\n(2) This section does not apply to a case to which section 137 applies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in Act substituted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 21"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 138 in force at 1.4.2018 by S.I. 2018/33, art. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/anaw/2016/6/section/138",
    "retrieved_at": "2026-10-29T20:18:13.778220+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."
}