The Australian Taxation Office (ATO) continues its commitment to tax transparency and encouraging voluntary compliance by beginning to publishing data on R&D Tax Incentive claim outcomes.
Contents

The first round of data to be released this coming September (2024) will relate to the 2021-22 year. This initiative stems from the R&D reforms brought into effect from 1 July 2021.

The publication will detail the R&D entity's name, ABN, and the amount of R&D expenditure claimed (less any feedstock adjustments). A transparency report will accompany this data, offering insights into the figures released.

Reach out to Grant Thornton's Innovation Incentives specialists for expert advice and support.

Learn more about how our Innovation Incentives services can help you
Learn more about how our Innovation Incentives services can help you
Visit our Innovation Incentives page

Tax Agents Disclosures

The Tax Practitioners Board maintains a register of tax agents and BAS agents. You can access and search this register here.

Your engagement letter with Grant Thornton and the Standard Terms and Conditions set out our procedures for dealing with problems or complaints. The Tax Practitioners Board also has a complaints process in relation to tax agent services as outlined on their website which can be accessed here

Section 45 of the Tax Agent Services (Code of Professional Conduct) requires Grant Thornton to notify you if it becomes aware of any matter which could significantly influence your decision to engage us or to continue to engage us in relation to the provision of tax agent services. Grant Thornton is not aware of any such matters.