System Development Capitalisation

Hi all

 

My organisation has recently developed the operating I.T.  system at the request of a client (who utilises this system). The costs have been recharged to the client in full. I intend to capitalise the costs incurred for the development but am unsure if any issues arise due to the fact that the costs have been recharged to the client and reflected as revenue within the current period?

 

Any help would be greatly appreciated

 

Thanks

Comments
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Are you claiming R&D tax

merlyn |

Hi Merlyn thanks for your

CIMA_Accountant |

Do you mean you want to use

merlyn |

Yes I believe thats the

CIMA_Accountant |

The HMRC rules can be a bit

merlyn |

Thats very interesting!

CIMA_Accountant |

No problem, my background is

merlyn |

I will review and let you

CIMA_Accountant |

Merlyn

MBN |

Whilst I agree the rules

merlyn |

Merlyn

MBN |

Thanks for the update.

merlyn |

Merlyn

MBN |

A numerical example?

luke.hector |