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AusIndustry has advised that it has extended the deadline for lodging Applications for Registration of R&D activities for the 30 June 2019 income year (FY19) to 30 September 2020, without the need to request an extension. You will still be required to provide your R&D Tax Incentive registration receipt number when you lodge your R&D Schedule with the Australian Taxation Office.

Given that the R&D Tax Incentive delivers cash flow benefit to claimants, we would urge, wherever possible, that our clients adhere to their current claim deadlines and even attempt to accelerate those to as soon as possible (i.e. complete an outstanding FY19 lodgements as soon as possible and prepare to lodge FY20 Applications as soon after 1 July 2020 as possible).  

Kind regards
The team at Ignite Innovation

 


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Topics: Innovation

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