On 19 February 2018, HMRC published a consultation document on reform of the UK’s intangible fixed assets (IFA) tax regime.

Amongst other things, the consultation considers (i) whether pre-2002 assets should be brought within the scope of the IFA regime, (ii) whether the IFA de-grouping charge could be made less onerous, and (iii) the restriction denying relief for goodwill and other “customer-related” assets.

Comments are invited by 11 May 2018.

The consultation document can be viewed here.