240(1) The scheme sanction charge for any tax year is a charge at the rate of 40% in respect of the scheme chargeable payment, or the aggregate of the scheme chargeable payments, made by the pension scheme in the tax year.
240(2) But if–
(a)the scheme chargeable payment is an unauthorised payment, or any of the scheme chargeable payments are unauthorised payments, and
(b)tax charged in relation to that payment, or any of those payments, under section 208 (unauthorised payments charge) has been paid,
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