Threads / Capital Allowances: Full Expensing / Review of the corporate intangible fixed assets regime
Consultation Outcome Published 7 Nov 2018 HM Revenue & Customs HM Treasury ↗ View on GOV.UK

Review of the corporate intangible fixed assets regime

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

Opened 19 Feb 2018
Closed 11 May 2018
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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