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Clarifying R&D Program Integrity Rules

November 6th, 2023

On 27 Oct 2023 the ATO posted a new guidance document titled ‘Clarifying R&D program integrity rules’. The document covers areas of R&D Compliance that the ATO are concerned with including: R&D expenditure to associates The conducted for test Aggregated turnover for determining eligibility for Refundable R&D Tax Offsets Overseas activity expenditure Expenditure not at risk.   Nothing in this new guidance document is new or surprising, however the guidance is important in specifying current areas of ATO focus and concerns. […]

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Joint AusIndustry and ATO information Sessions in November

October 30th, 2023

AusIndustry have announced that in early November they will be conducting a joint event with the ATO to provide introductory level information regarding the R&D Tax Incentive. The sessions are noted as covering: The benefits offered by the R&D Tax Incentive; Who can apply; What R&D activities and expenditure are eligible; The importance of record keeping; When and how to apply. Information for registration to attend the session is available on the AusIndustry website. Please get in touch with our office if you would […]

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ATO Release Information Around Public Disclosure of R&D Claimant Information

October 23rd, 2023

In a significant shift in administration, the Australian Taxation Office (ATO) has this month published information around publication of Research and Development (R&D) expenditure claimant information. This move forms part of the administration changes to the Research and Development Tax Incentive (R&DTI) program initiated on 1st July 2021, which arose out of the previous government’s major reforms to the R&D Tax Incentive which passed with bipartisan support in October 2020. The rationale behind the change is to enhance transparency and accountability. […]

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AFR reports high profile ASX listed Software Company Subject to ATO Review of R&D Tax Offsets

October 18th, 2023

The AFR has reported in late September 2023, that officials from the Australian Taxation Office visited a high profile ASX listed software development company last month as part of inquiries about whether the group inappropriately claimed R&D Tax Offsets.   The article seems to suggest that the issue may relate to overclaiming of expenditure on R&D Activities conducted overseas (as opposed to whether the expenditure or activity meet the general R&D Tax Incentive criteria).   Under the R&D Tax Incentive, companies […]

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