Changed to PFI rules expected in Budget

Changed to PFI rules expected in Budget

Rule change needed to encourage PFI contractors

Big Four firm KPMG is expecting changes to rules concerning the sale of
leasing companies, which were announced in the pre-Budget.

The firm is expecting the chancellor to make adjustments to the rules on the
sale of PFI investments as current rules leave companies with a very large tax
payment.

Margaret Stephens, head of KPMG’s infrastructure and government tax
department, said: ‘Leaving the rules as they are could prevent contractors from
raising funds from completed projects and mean that there would be less money
available for them to take on projects.’

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