Seven key tax issues in UK project finance transactions – Operis white paper
Tax and accounting experts at Operis have published an authoritative white paper addressing seven key tax issues to consider in UK project finance transactions.
Operis, a leading advisor in project finance, works on around 150 financial models each year and is usually asked to give an opinion confirming that the assumptions and logic of a model are in line with applicable tax legislation.
The white paper, authored by Operis finance director Morag Loader and associate director Daniel Adams, focuses on seven aspects of UK tax legislation which are often modelled incorrectly.
It addresses problems around the calculation of withholding tax, the introduction of the VAT domestic reverse charge, the use of tax losses rules, modelling BEPS interest deductibility rules, the treatment of refinancing costs, calculating capital allowances and tax payment dates.
Morag Loader said: “The issues we look at in this paper relate to UK tax legislation but a number of other tax jurisdictions also have similar rules. We hope the white paper will be useful to everyone in the tax modelling arena.”
Link to white paper.