There have been several changes to the deductibility of debits in relation to goodwill and other customer-related assets since the corporate intangible regime was introduced, and the treatment is dependent on when the asset was acquired or created.
For a summary of the changes since the regime was introduced, see the Decision table ― tax relief for acquisitions of goodwill.
‘Goodwill and other customer-related assets’ means:
goodwill in a business or part of a business
information which relates to customers or potential customers of a business or part of a business
a relationship (whether contractual or not) between a person carrying on a business and one or more customers of that business or part of that business
an unregistered trademark or other sign used in the course of a business or part of a business
a licence or other right in respect of any of the above assets
CTA 2009, s 879A(2)
Relief is given for debits
Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation
Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel
Parking provision and expensesCar parking facilities at or near to the employee’s workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting