Self-assess your eligibility even when using an R&D tax consultant
Did you know that even if you engage an R&D tax consultant, you are still ultimately responsible for ensuring your claims are eligible under the R&D Tax Incentive (R&DTI) Program?
To help companies self-assess their eligibility under the program, we have created a suite of guidance materials including the recently refreshed Guide to Interpretation.
All participants including R&D Tax Consultants who deliberately claim or encourage companies to claim ineligible activities or expenditure under the R&DTI program will be held accountable and may face significant penalties. For instance see the most recent decision made by the Federal Court.
If you think you have been approached by a scheme promoter or are inadvertently involved in a tax avoidance scheme, you should contact the ATO immediately by emailing reportataxscheme@ato.gov.au or calling anonymously on 1800 060 062.
|