Annual registration of R&D activities with AusIndustry is a prerequisite for companies claiming the R&D Tax Incentive. The deadline for lodging an application for registration is 10 months after the end of a company’s income year. This means that companies with a standard year of income of 1 July 2012 to 30 June 2013 who wish to apply for the R&D tax incentive for the 2012-13 income year must lodge their registration application with AusIndustry by Wednesday, 30 April 2014. AusIndustry is also running “Registration Ready Workshops” to help SMEs, first time registrants and smaller consultants/tax agents to better understand and register for the R&D Tax Incentive. Further information on the workshops, including registration requirements, is available on the AusIndustry website.
[LTN 57, 25/3/14]