Royal Wins Pty Ltd and Innovation and Science Australia [2020] was an AAT case where it was found that the company’s software development activities did not meet the requirements under the R&D Tax Incentive.
The claims were substantial and found by the AAT to not be suitably substantiated.
The AFR has recently reported that the company is now in liquidation. The AFR article notes:
Whilst compliance activity of R&D Claims has become more reasonable over the past year since the Moreton Resources Case and new AusIndustry Compliance framework, this case again highlights the importance of documenting and assessing activities in accordance with programme regulator guidance.
Please get in touch with our office if you would like to speak to someone about a potential R&D claim, or check out our website for more information.