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Contents

Official guidance
Business Income Manual

BIM33100 · Stock: valuation

  • BIM33110 · Tax treatment of trading stock - Lord Nolan in Threlfall v Jones
  • BIM33115 · The valuation bases
  • BIM33120 · FIFO not LIFO: Minister of National Revenue v Anaconda American Brass Ltd
  • BIM33125 · Non-allowable bases of valuation
  • BIM33135 · Lower of cost and net realisable value: cost
  • BIM33140 · Lower of cost and net realisable value: net realisable value
  • BIM33145 · Net realisable value: use of formulae, slow moving stock, acceptable accuracy
  • BIM33150 · Stock provisions
  • BIM33155 · Valuing construction contracts
  • BIM33160 · Mark to market or marking to market
  • BIM33165 · Professional work-in-progress: general principles
  • BIM33190 · Depreciation in stock
  • BIM33199 · Change of accounting or tax basis of stock valuation
  1. Stock: valuation: contents
  2. Stock: valuation: valuing construction contracts

BIM33155 | Stock: valuation: valuing construction contracts

From HM Revenue & Customs · Business Income Manual

FRS 102 Section 23 Revenue requires construction contracts to be valued using the percentage of completion method. The method is described in FRS 102 Section 23 but there is no detailed guidance on how it should be applied in practice.

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