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

A non-statutory clearance (NSC) 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 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 clearance guidance.

Before making an NSC application, consideration should be given to the checklist in the appendix.

An NSC application should be sent to:

• the Client Relationship Manager (CRM) where the customer is a Large Business Service business
• HMRC Clearances Team, Alexander House, 21 Victoria Avenue, Southend on Sea, Essex, SS99 1BD. Email HMRC Clearances Team.