New options for how to tax leases once IFRS 16 has been adopted is open for consultation – this is going to be fundamental to lease structuring and potential impacts on reporting and commercial views of leases:  Options are:

Option 1 – Status quo
Option 2 – Accounts based regime
Option 3 – Accounts based with leasing allowance
Option 4 – Accounts based with capital allowances

See the HMRC document attached for more information:
Lease accounting changes tax response consultation document »