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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.
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