BIM64015 | Measuring the profits (particular trades): Private finance initiative (PFI): non-statutory clearance procedure

A non-statutory business clearance (NSBC) is written confirmation of HMRC’s view of the application of tax law to a specific transaction or event that the customer can rely on in most circumstances, as our view of the tax consequences of the transaction.

HMRC will accept non-statutory business clearances from businesses and their advisors where there is demonstrable material uncertainty about the tax consequences of transactions affecting their business.

Guidance on the procedure including a checklist for non-statutory clearance applications can be found in the Non-Statutory Business Clearances Guidance Manual. Before making an NSC application, consideration should be given to that checklist.

An NSBC application should be sent to:

• the Customer Compliance Manager (CCM); otherwise

• HM Revenue & Customs, Non Statutory Clearance Team S0563, 5th Floor, Saxon House, 1 Causeway Lane, Leicester, LE1 4AA