HMRC consultation outcome: Review of the corporate intangible fixed assets regime

Released 7 November 2018

HMRC have published the outcome to the consultation on reforms to simplify the corporate intangibles regime confirming amendments to be included in Finance Bill 2018-19.

The Review of the corporate Intangible Fixed Assets regime consultation, which ran from 19 February 2018 to 11 May 2018, sought views 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. The Government considers that the policy changes around goodwill relief and de-grouping should be implemented at the next available opportunity in order to have maximum effect. The Finance Bill 2018-19 will therefore introduce legislation to give effect to the de-grouping changes from 7 November 2018. The response document sets out the Government’s proposed design to provided targeted relief for the cost of acquired goodwill. The Government intends that this change should take effect from 1 April 2019. The Government will, therefore, seek to introduce legislation for these changes through Government amendment to the Finance Bill 2018-19.

View the Consultation outcome Review of the corporate intangible fixed assets regime.

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