BIM64070 - Measuring the profits (particular trades): Private Finance Initiative (PFI): accounting: contents

The following summary of the accounting treatment of PFI projects is intended to provide background information only. The accounting treatment of such projects continues to evolve and HMRC Officers should refer any questions, concerning what constitutes generally accepted accounting practice, to their local compliance/advisory accountant.

Guidance on the accounting treatment to be used when dealing with PFI and similar contracts is provided by FRS5 Application Note F ‘Reporting the substance of transactions: PFI and similar contracts’.

The background information is set out as follows:

1. BIM64075

   Accounting: FRS5 Application note F
2. BIM64080

   Accounting: FRS5 and SSAP21
3. BIM64085

   Accounting: FRS5 and SSAP9
4. BIM64090

   Accounting: FRS5 reporting the substance of transactions
5. BIM64095

   Accounting: FRS5 key factors
6. BIM64100

   Accounting: FRS5 example 1
7. BIM64105

   Accounting: FRS5 example 2
8. BIM64110

   Accounting: FRS5 example 3
9. BIM64115

   Contract accounting: bid costs
10. BIM64116

    Contract accounting: recharge of bid costs to another company: income of the bidding company