BIA response to HMRC Intangible Fixed Assets consultation

The BIA has responded to the HMRC review of the Intangible Fixed Assets tax regime.

In our response we supported:

• the removal of the pre-2002 exclusion
• the removal of the goodwill and customer-related intangibles exclusion
• the removal of the de-grouping charge
• the option provided to companies to elect for fixed rate relief at 4% per year