Consultation outcome

Review of the corporate intangible fixed assets regime

• From: HM Revenue & Customs and HM Treasury
• Published: 19 February 2018
• Last updated: 7 November 2018 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

Review of the corporate Intangible Fixed Assets regime: summary of responses

PDF, 340 KB, 21 pages

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Detail of outcome

In Spring 2018, the government consulted on the case for reforms to the corporate intangibles regime with the objective of simplifying it and making it more effective in supporting economic growth. This document summarises the responses received to that consultation and the government’s policy responses.

As announced at Budget 2018, this document contains detailed proposals for the partial reinstatement of relief for goodwill acquired in businesses with eligible intellectual property.

Following a short consultation, the government intends to legislate for these changes in Finance Bill 2018 to 2019, alongside changes to the de-grouping charge rules.

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Original consultation

Summary

HMRC and HM Treasury are inviting views on the corporate intangibles regime and reforms to support its administration, cost-effectiveness and international competitiveness.

This consultation ran from
9:30am on 19 February 2018 to 11:45pm on 11 May 2018

Consultation description

This consultation is a review of the corporate intangible fixed assets regime, announced by the government in the Autumn Budget 2017.

The regime is more than 15 years old, and the government would like to examine whether there is scope for reforms that would simplify it and make it more effective in supporting economic growth.

We would like stakeholder views and evidence on specific aspects of the regime, including:

• the exclusion of pre-2002 assets
• the exclusion of goodwill and customer-related intangibles
• the de-grouping charge
• the election for fixed rate relief at 4% per year

Documents

Consultation: Review of the corporate Intangible Fixed Assets regime

PDF, 327 KB, 20 pages

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Published 19 February 2018
Last updated 7 November 2018 + show all updates

1. 7 November 2018

   Added summary of responses and outcome details.

2. 19 February 2018

   First published.