Guidance

Housing Revenue Account Subsidy Determination 2009 to 2010: technical documents

Technical amendments about interest rate calculations for housing borrowing.

From:
Ministry of Housing, Communities & Local Government
Published
28 February 2011

This publication was withdrawn on

This page has been withdrawn because it’s out of date. Read more about the Housing Revenue Account.

Applies to England

Documents

Housing Revenue Account Subsidy Determination 2009 to 2010 Amending Determination 2011

Ref: ISBN 978-1-4098-2854-9

PDF, 607 KB, 2 pages

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Item 8 Credit and Item 8 Debit (General) Determination 2009 to 2010 Amending Determination 2011

PDF, 624 KB, 11 pages

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Details

The Department for Communities and Local Governement (DCLG) has made a change retrospectively so that the calculation of the consolidated interest rate for housing borrowing continues to exclude all private finance initiatives (PFIs).

This is following the introduction of international financial reporting atandards, which would have brought PFI schemes into the calculations from 1 April 2009. This could have an adverse effect on some areas of local authorities’ finances.

DCLG consulted on the change over summer 2010 and it has now been included in these documents.

Published 28 February 2011