Research costs

Hmmmmmm any reply plz

Sorry, F6 tutor will be back on Sunday so till then, watch relevant f6 lectures please

At F6 you will not have to deal with the correct treatment of R&D expenditure in the adjustment of trading profits other than to treat it as allowable. This issue is dealt with at P6!

I had the question from P2 regarding defferd tax (the one I posted in my first post)

I am not sure which "first post" you are referring to, but deferred tax is a corporate reporting issue NOT a tax issue and if you have a P2 query then you should post it on P2 Ask the Tutor forum.

Actually he had reffered me to F6 tutor... The first post I refferred was:When are research costs deducted from taxable profit(or shall I refer to the P6 tutor) hmmmm used a lot of refers :-)

Hi rameez if your question is about deferred tax then this is a P2 question. At P6 you learn that an additional deduction for qualifying R&D expenditure is available for taxation. This will create a difference between the profit for corporate reporting and the adjusted profit for corporate tax purposes and hence it becomes a deferred tax issue in the financial statements.