Work in progress: what is true and fair?
Grimshaw, A.
Work in progress: what is true and fair? - 1999 - Property Week 64(3) 22 January 1999, 38(1) .
Discusses the valuation of work in progess, on which guidance was issued by the Inland Revenue in November 1998. Suggests that although the guidance is helpful in clarifying the situation with regard to speculative or contingency fees, long-term contracts and the treatment of account billings, there still remain some areas on which clarification is needed.
ACCOUNT BILLINGS
CONTINGENCY FEES
LONG-TERM CONTRACTS
TAX
TAXATION
Valuation
WORK IN PROGRESS
Work in progress: what is true and fair? - 1999 - Property Week 64(3) 22 January 1999, 38(1) .
Discusses the valuation of work in progess, on which guidance was issued by the Inland Revenue in November 1998. Suggests that although the guidance is helpful in clarifying the situation with regard to speculative or contingency fees, long-term contracts and the treatment of account billings, there still remain some areas on which clarification is needed.
ACCOUNT BILLINGS
CONTINGENCY FEES
LONG-TERM CONTRACTS
TAX
TAXATION
Valuation
WORK IN PROGRESS