Mapely wins lucrative property contract

by AccountancyAge.com

08 Mar 2006

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Mapeley, the property company that bought the offices of the Inland Revenue in a controversial outsourcing deal five years ago, is understood to have won a contract to set up a new network of passport offices for the government.

In 2001 the Inland Revenue entered into a £1.5bn outsourcing property deal with Mapeley, which saw 700 properties transferred across to Bermuda. The deal caused a national outrage when it emerged that Mapeley had structured itself offshore to cut its tax bill in the UK.

The new deal will involve 69 buildings across Britain, will be announced within days by the UK Passport Service, the FT reported.

The drop-in centres are to be used for the roll-out of Britain's new system of combined identity card and passports.

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