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BIM64240 | Private Finance Initiative (PFI): interest: contents

From HM Revenue & Customs · Business Income Manual

Interest paid by corporate PFI operators is dealt with under the loan relationships legislation. General guidance on loan relationships is at CFM30000 onwards.

Some specific guidance on the application of thin capitalisation principles to PFI deals is given at INTM568000.

Notional interest

Where, as an accounting exercise, a figure representing accrued finance income on a finance debtor, i.e. notional interest, is credited to the profit and loss account (see BIM64125), neither it, nor the corresponding debit to the finance debtor, is interest on a money debt for the purposes of the loan relationship legislation.

The guidance on interest is arranged as follows:

Contents33 entries

  1. BIM64245Private Finance Initiative (PFI): interest: trade
  2. BIM64250Private Finance Initiative (PFI): interest: trade: table of examples
  3. BIM64255Private Finance Initiative (PFI): interest: trade: example 1
  4. BIM64260Private Finance Initiative (PFI): interest: trade: example 2
  5. BIM64265Private Finance Initiative (PFI): interest: trade: example 3
  6. BIM64270Private Finance Initiative (PFI): interest: trade: example 4
  7. BIM64275Private Finance Initiative (PFI): interest: trade: example 5
  8. BIM64280Private Finance Initiative (PFI): interest: trade: example 6
  9. BIM64285Private Finance Initiative (PFI): interest: trade: example 7
  10. BIM64290Private Finance Initiative (PFI): interest: trade: example 8
  11. BIM64295Private Finance Initiative (PFI): interest: non-trade
  12. BIM64300Private Finance Initiative (PFI): interest: non-trade: table of examples
  13. BIM64305Private Finance Initiative (PFI): Interest: non-trade: example 1
  14. BIM64310Private Finance Initiative (PFI): interest: non-trade: example 2
  15. BIM64315Private Finance Initiative (PFI): interest: non-trade: example 3
  16. BIM64320Private Finance Initiative (PFI): interest: non-trade: example 4
  17. BIM64325Private Finance Initiative (PFI): interest: pre-trading
  18. BIM64330Private Finance Initiative (PFI): interest: pre-trading: table of examples
  19. BIM64335Private Finance Initiative (PFI): interest: pre-trading: example 1
  20. BIM64340Private Finance Initiative (PFI): interest: pre-trading: example 2
  21. BIM64345Private Finance Initiative (PFI): interest: pre-trading: example 3
  22. BIM64350Private Finance Initiative (PFI): interest: pre-trading: example 4
  23. BIM64355Private Finance Initiative (PFI): interest: pre-trading: example 5
  24. BIM64360Private Finance Initiative (PFI): interest: pre-trading: example 6
  25. BIM64365Private Finance Initiative (PFI): deemed premium on lease
  26. BIM64370Private Finance Initiative (PFI): refinancing gains
  27. BIM64371Private Finance Initiative (PFI): refinancing gains: interest
  28. BIM64375Private Finance Initiative (PFI): capital allowances
  29. BIM64380Private Finance Initiative (PFI): capital allowances - highway undertakings
  30. BIM64385Private Finance Initiative (PFI): capital allowances - highway undertakings - toll roads
  31. BIM64390Private Finance Initiative (PFI): Capital allowances - highway undertakings - right to receive sums from a relevant authority
  32. BIM64395Private Finance Initiative (PFI): group relief
  33. BIM64400Private Finance Initiative (PFI): group relief: trading company