I was reading HMRC manual that software development costs can be capitalized. Preliminary and application development cost can be expensed and post implementation costs can be capitalised.
I was unsure that I am classifying them correctly! if not then how to treat these costs!
My answers
Thanks Harry Walker Accountancy
What about the depreciation?
Paul i am concerned about entries not on car
Car will only be used for business purpose
car payment was a loan which expenses are deductible for tax purpose?
Thanks for the suggestion, assuming you are an expert with an extra "t"
Amended. Thanks for your input.
I was reading HMRC manual that software development costs can be capitalized. Preliminary and application development cost can be expensed and post implementation costs can be capitalised.
I was unsure that I am classifying them correctly! if not then how to treat these costs!
Thanks Tim
But what's the accounting treatment of these costs?
Thanks guys
Issuing credit note was my opinion and now I am assured after your constructive feedback.
EDR is Oct 2018.
Date of supply before March 2017
Invoice issued 20K plus 4k VAT in April 2017