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Swanson Reed’s R&D Tax Update Videos: March 2022

Swanson Reed has made available on our website a series of new videos, updated in March 2022, covering recent developments in the R&D Tax Incentive.

The videos within our series seek to explain key guidance publications and principles used by the ATO and AusIndustry during their compliance assessments, as well as an overview of recent legislative changes to the programme.

Content for these videos has, where relevant, been based on guidance publications released by the ATO and AusIndustry.

The current videos are available here and include:

• Identification and Assessment of R&D Activities
• Summary of AusIndustry’s Refreshed Guide to Interpretation
• Substantiation of R&D Expenditure and ATO Documentation Expectations
• Substantiation of R&D Activities and AusIndustry Documentation Expectations
• Eligibility of Software Development Activity Under the R&D Tax Incentive
• AAT Case finding in favor of R&D Entity that activities were eligible: PKWK and Innovation and Science Australia (Taxation) [2021]
• Guide to Findings and Approval for Overseas R&D

Stakeholders who are accessing the R&D Tax Incentive should ensure they regularly check the websites of the ATO and AusIndustry to ensure they are up to date with the latest guidance material.