The Australian Taxation Office (ATO) and AusIndustry have advised that they will host a series of online sessions for stakeholders seeking to learn more about the R&D Tax Incentive. The sessions aim to provide an introduction to the R&D Tax Incentive and guidance on key eligibility requirements. The sessions are being held online in October and November and registration details are available on business.gov.au. Get in touch with our office if you would like to speak to someone about a potential […]
Companies should always seek to lodge R&D applications on time to avoid the need to pursue extensions. Significant changes have been introduced over recent years limiting the time period available to companies applying for extensions of time to submit R&D applications. A limit on extensions of time to submit an R&D application after a statutory deadline came into effect on 1 January 2021. From 1 April 2022, this cap was amended from 3 months to 92 days. This […]
AusIndustry have announced that the R&D Tax Incentive Portal has transitioned to the Australian Government Digital Identity System to verify users. This has presented a change to the login process when accessing the R&D Tax Incentive Portal. From late June 2022, when logging into the R&D Tax Portal, the login button will display ‘Continue with Digital Identity’, replacing the current ‘Login with myGovID’ button. When you select ‘Continue with Digital Identity’ you’ll be given the option to select myGovID as your Digital Identity and asked […]
Companies are now able to register R&D activities conducted during the year ended 30 June 2022 (FY22) with AusIndustry. For the FY22 period, the application process is again administered through the new online customer portal which was introduced for the prior FY21 period. There were substantial changes made to the R&D activity technical description requirements in FY21, however the AusIndustry activity disclosure requirements for FY22 appear not to have materially changed. The big changes for FY22 R&D c laims relate […]