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Tax vs FRS105 - Development Costs of Micro Entity

Development Costs of Micro Entity

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Hello

Filling out tax return on HMRC website for microentities. Want to confirm whether the accounting treatment and tax treatments are expected to follow eachother? Under FRS105 I have written off development costs to the P&L, but not sure whether I should follow the same treatment for the tax return or whether these would be considered capital? I have searched the website, but not seen much guidance and the form very much sets things up as if they are to be the same.

Thanks for any help!

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By williams lester accountants
17th Oct 2020 12:34

Have you asked your accountant?

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JCACE
By jcace
17th Oct 2020 15:39

What do you mean by development costs? What are you developing?

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Replying to jcace:
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By Anonymous.
17th Oct 2020 17:15

Quote:

What do you mean by development costs? What are you developing?

He means this:

https://www.accountingweb.co.uk/any-answers/do-development-costs-for-sme...

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