To say this this is interesting perhaps says more about my current state of mind than the value of the quote, but I thought I'd share this little gem about the taxation of websites:
The cost of a web site is analogous to that of a shop window. The cost of constructing the window is capital; the cost of changing the display from time to time is revenue.
(From: hmrc.gov.uk)
Also, computer software is classed as revenue expenditure if it has a life expectancy of under two years, otherwise it is capital cost. And according to the HMRC definition, 'software' includes both programs and data!
Interesting facts to throw at clients, #736 and #737!
Boy, I'm going to be the life of the party this Christmas...
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