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HMRC internal manual

Corporate Intangibles Research and Development Manual

R&D tax relief: accountancy: FRS105 s13

FRS105 is a UK accounting standard which can be adopted by entities who qualify for the micro-entities regime.


Section 13 of FRS105 deals with the accounting treatment of intangible assets other than goodwill, which includes guidance on the accounting treatment of R&D.


How FRS105 s13 treats the expenditure


FRS105 s13 requires all R&D expenditure to be written off as incurred. It does not permit any expenditure on R&D to be recognised as an intangible asset.


HMRC officers with questions concerning accountancy should consult an HMRC compliance accountant