Anonymous
Share this content
4

share-based payment transactions

Didn't find your answer?

Search AccountingWEB

My company is due to provide a service to a start up company who is offering shares as the mode of payment (for cash flow reasons). Using FRS 102, section 26 as a guide, it is my understanding that I need to report this as income in the P&L and an investment in the balance sheet at the fair value of the services (where this is unavailable the alternative is the market value of the shares).

 Is my interpretation right?
 

Replies (4)

Comments for this post are now closed.

RLI
By lionofludesch
14th Aug 2019 17:44

Not much to go on there, is there ?

Care to expand ?

Thanks (0)
avatar
By Accountant A
14th Aug 2019 18:09

Please note that posting as an anonymous user is reserved for sensitive content that you need help with but don't want people to know who you are.

However, it will also mean that other users will not be able to get in touch with you or see your history on the site and therefor might not be as willing to provide you with a reply.

Any abuse of the ability to publish anonymously will not be tolerated and offending users will be banned from AccountingWEB.

Thanks (0)
avatar
By Wanderer
14th Aug 2019 18:47

Quote:

A regulated limited liability partnership will be paid a fee by a client in the form of shares. Please advice on accounting (frs 102), tax, vat and regulatory implications.

Yep, no problem should be able to cover that all in about 3-4 days work. particularly bearing in mind the lack of information supplied so will need to cover all bases.
Thanks (0)
By Tom Herbert
15th Aug 2019 09:07

Thanks for the question.

As this is a site predominantly aimed at accountants and other finance professionals, I'd say you'll have more luck posting your query in the accounts and finance section of our sister site UK Business Forums:

https://www.ukbusinessforums.co.uk/forums/accounts-finance.55/

All the best,

Tom

Thanks (0)
Share this content