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Domain Renewals Treatement

Answer
Ayaz Ahmed
Posted Thu, 26 Sep 2024 05:42:31 GMT by Ayaz Ahmed
HI, If the business involves in buying and selling domains. What will be the treatment of domain renewals fees. Will it be a part of Stocks in cost of sales Or will it be treated as Overheads?
Answer
HMRC Admin 25 Response
Posted Fri, 04 Oct 2024 15:11:26 GMT by HMRC Admin 25 Response
Hi Ayaz Ahmed,
From your description this appears to be a question regarding the treatment of these costs for accountancy purposes, and this is something HMRC is unable to comment on substantively.
It is likely in any event these would be revenue costs, and so they would be deductible in calculating your trade profits, but we cannot confirm this.
Thank you. 
 

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