Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of expensing intellectual property transactions.

The UK’s Intangible Fixed Asset (IFA) regime offers generous and internationally competitive relief for acquired intangible assets like trademarks and licences. In addition, UK businesses can benefit from the biggest tax treaty network in the OECD – which make the UK an attractive jurisdiction for holding IFAs.

The government committed to maintain the regime’s current competitive approach in the Corporation Tax Roadmap.