We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Private Finance Initiative

Treasury written question – answered on 20th July 2011.

Alert me about debates like this

Photo of Stella Creasy Stella Creasy Labour, Walthamstow

To ask the Chancellor of the Exchequer whether he plans to review the guidance issued on the calculation of the value of estimated tax receipts for all public sector economic assessments of all private finance initiative projects.

Photo of Danny Alexander Danny Alexander The Chief Secretary to the Treasury

holding answer 19 July 2011

The existing guidance on how to evaluate taxation differences which arise when considering the use of the private finance initiative (PFI) is available as supplementary guidance to the Green Book at:

http://www.hm-treasury.gov.uk/data_greenbook_supguidance.htm

The guidance outlines how to estimate the differential tax rate, which is used to uplift the Public Sector Comparator cost used in Value for Money assessments to ensure the decision is taken net of tax take.

We will continue to use this method when considering differential tax take in the value for money assessment for projects involving private finance.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.