February 2017 special edition - More alerts issued on making R&D claims

Two taxpayer alerts on the R&D Tax Incentive have been released by the Department of Industry, Innovation and Science (the department) and the Australian Taxation Office (ATO).

The taxpayer alerts are targeted at companies in the agricultural sector, at companies of all sectors that are incorrectly claiming software development activities under the programme, and their tax advisors. These latest alerts follow two taxpayer alerts issued on 9 February 2017 which focused on companies in the building and construction sector and companies incorrectly claiming ordinary business activity as R&D activities. An earlier joint alert on R&D and broadacre farming was issued on 15 October 2015.

Companies and their tax advisors in these areas are encouraged to review their registrations and claims to ensure that they meet the requirements of the programme.

The department and the ATO have developed a range of materials to support companies and their advisors to use the programme correctly and maintain the right documentation to support their claims. Refer to our Sector guidance for updated sector guides, specific issues guidance and applying the law documents.

The taxpayer alerts provide options for companies to seek clarification about their claims including calling the department or the ATO, seeking independent advice, applying to amend or withdraw their registration with the department or making a voluntary disclosure to the ATO.

Further information

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