Companies seeking to register R&D Activities conducted during the Year Ended 31 December 2022 (companies that have a December Year End for tax) who are yet to do so should note that the Registration Deadline is the end of October 2023.
The blanket and automatic extensions granted during COVID no longer apply, and the statutory deadlines revert to normal (10 months after the end of the financial year).
There are mechanisms available under the IR&D Act and IRD Decision making provisions that allow for extensions of time to be granted for R&D Applications. However, seeking an extension presents an additional administrative burden of going through the extension application process. In addition, limits have been placed on R&D Registration extensions in recent years.
Where possible, companies should endeavour to submit R&D Applications prior to the original deadlines.
Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2023 have until April 2024.