All news by: Mark Ayres

Powered by people and technology in 2018: the technology sector view

Our survey, completed by 652 business leaders from across the UK, reveals remarkable resilience amongst owner managed businesses (OMBs) with many performing better than expected last year. This view is shared in the tech sector where businesses have more confidence this year, reflecting recovery from the Brexit referendum result. 75% of technology OMBs are somewhat or very confident about the general outlook for 2018 – up from 67% in last year’s survey.

The tax treatment of website costs

HMRC’s annually published ‘Capital v Revenue Expenditure Toolkit’ and their manuals provide useful sources of information on the tax treatment of website creation costs. The tax treatment of expenditure on developing a website is dependent on the nature of the expenditure.