ICAEW Tax Rep 53/18: Review of the corporate intangible fixed assets regime

Released 15 May 2018

ICAEW has responded to the consultation by HMRC and HM Treasury on the review of the corporate intangible fixed assets regime.

The Institute of Chartered Accountants in England and Wales (ICAEW) has published its response to the Review of the corporate Intangible Fixed Assets regime rules consultation published by HM Treasury and HMRC on 19 February 2018. The ICAEW considers that it is important to ensure that the tax regime successfully matches the need to incentivise successful UK activity in this area while at the same time ensuring that any new regime is proportionate and cost effective. Any overview of the contribution that the tax system can make to enhancing the impact intangible fixed assets can have on the UK economy needs to consider what, if anything, could ensure that the tax system makes an appropriate contribution to the influence of intangible fixed assets.

View ICAEW Rep 53/18.

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