Where expenditure on websites is recognised on the balance sheet
under UK GAAP it is treated as expenditure on tangible assets; this
is not the case under IAS. On adoption of IAS it may be necessary
to recognise expenditure on the creation of a website (that has
previously been recognised as expenditure on a tangible asset) as
expenditure on an intangible asset.
Where this occurs and an allowance was made to the company under Part 2 of the CAA01 when the asset was recognised as a tangible asset, the website expenditure of the company is excluded entirely from Schedule 29.
Capital allowances will continue to be appropriate for further expenditure by the company on the website.