TaxCorporate TaxRevenue denies compensation story

Revenue denies compensation story

The Inland Revenue has refuted weekend reports that Mapeley, the company at the heart of a hugely controversial PFI property deal, is preparing a £210m compensation claim against the government.

Link:Deloitte under pressure over £220m Revenue deal

Reports in Sunday newspapers claim that Mapeley is just weeks away from submitting a claim. But a spokesman for the Revenue told Accountancy Age that there is no claim. ‘This £210m is not correct,’ he said. ‘The contract we signed up to, is the contract we signed up to.’

He confirmed that the government is in talks about future work with Mapeley. ‘The contract we signed up to isn’t being re-negotiated but we are talking to them about the terms under which they undertake new business. We are talking to them about the rates we pay for new business.’

The Revenue has signed a 20 year contract with Mapeley for the management if its property portfolio, which it claims will save the taxpayer ‘tens of millions of pounds a year’. Mapeley is understood to be disgruntled over certain aspects of the original contract. A spokesman said it could not comment due to the confidential nature of government contracts.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter