The Revenue is trying to stop companies from claiming tax deductions on the cost of setting up a website. They say that a website is fixed asset and it is not eligible for a Capital Allowance. But they’re wrong, according to the Accounting Standards Board.

The ASB say that a website is a fixed asset only if it generates sales or other revenues directly i.e. if it includes online sales or booking facilities. Otherwise the cost of developing a website must be charged immediately against profits and is therefore tax deductible.

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