ATO Guidance and Materials

Worksheet of feedstock within Company Income Tax Returns

March 11th, 2014

A feedstock adjustment must be included in a company’s assessable income when Tax Offsets for R&D Expenditure are obtained on products which are marketable or applied to a company’s own use. The addition to assessable income for feedstock adjustments was a key new requirement of the R&D Tax Incentive Regime. In an effort to assist with tax compliance, companies currently using MYOB  will be required  to complete a feedstock worksheet outlining the basis of any relevant feedstock adjustment. Whilst this […]

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Draft Taxation Determination TD 2013/D9 released by ATO for public comment

December 12th, 2013

Last week, the ATO released for public comment  draft Taxation Determination TD 2013/D9  “Income tax: when will Design Expenditure incurred by an R&D entity be included in the cost of a tangible depreciating asset within paragraph 355-225(1)(b) of the Income Tax Assessment Act 1997 (and therefore not able to be deducted under section 355-205)?” Submissions are due by 24 January 2014. The draft Taxation Determination is concerned with situations where an R&D entity incurs expenditure on various stages of design activities, connected […]

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