SSAP 13 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:

• icaew.com/newukgaap

Synopsis

SSAP 13 defines three categories of research and development costs – pure research, applied research and development.

• Pure and applied research costs should be written off to the profit and loss account as they are incurred.
• Development expenditure should be written off in the year of expenditure unless five specific criteria are met.
• If these criteria are met then the development expenditure can be deferred by capitalising as an intangible asset and amortising. 

• Read FRC Summary on SSAP 13

Last updated 21 June 2015