UITF Abstract 29 Website Development Costs
Issued February 2001. Effecting accounting periods ending on or after 23 March 2001.
UITF Abstract 29 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015.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:
Synopsis
The consensus is:
- Website planning costs charged to profit and loss account;
- Other website development costs capitalised as tangible fixed assets (but must meet certain criteria);
- Expenditure to maintain/operate the website charged to profit and loss account.
Last updated 21 June 2015
