Tuesday 15 September 2020 – for immediate release

Seven key tax issues to consider in UK project finance transactions

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.

NOTE TO EDITORS

Media contact

Stephen Fleming, Communications Advisor, Operis         Email: stephen@flemingpr.com

Phone: +44 (0) 7718 756 615

About Operis

Operis is a leading advisor in project and infrastructure finance renowned for its expertise in the financial modelling of project finance transactions worldwide. Since its inception in 1990, Operis has built on this distinctive strength and developed an envied portfolio of services specifically focused on project finance including: Advisory, Model development, Model Audit, Tax & Accounting, Financial Modelling Training and Software.

Operis works by forging close collaborative partnerships to achieve effective and productive results for its clients. Its approach is to provide expert and personal attention that only an independent firm can deliver.

The firm's experience spans all infrastructure and energy sectors and covers over 1,150 projects and other funded transactions around the world.

Website here.