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 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.