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The R&D Tax Incentive (RDTI)  performance statistics for the 2021–2022 income year as at June 2023 have been released. The FY22 data presents 12,762 registration representing 14,760 R&D performing entities, of which the total R&D expenditure was $15bn.

There were 11,198 small to medium businesses representing 88% of the program participants. There are 2,607 companies (20.4%) were new to the program.

R&D Tax Performance and Updates






R&D Tax Updates

The Australian Tax Office (ATO) announced significant developments in the administration and processing of the R&D tax incentive program. In the last quarter of 2023, the ATO released clarification guidelines on the integrity rules that particularly identified issues on the following:

  • R&D expenditure paid to associates
  • who the R&D has been conducted for
  • aggregated turnover $20m
  • overseas expenditure needing advanced findings
  • expenditure not at risk by R&D entity

Another important move was the ATO requirement to publish tax claims from 2024. The information to be published from all R&D tax schedules lodged with the ATO include:

  • the name of the R&D entity
  • Australian business number (ABN) or Australian company number (ACN)
  • the entity’s total expenditure on R&D (known as total notional deductions claimed – label Z in Part A of the R&D tax incentive schedule) less any feedstock adjustments (label B in Part B of the R&D tax incentive schedule)

The R&D Tax Incentive is a self-assessed program where you take full responsibility that your lodged claims are accurate and correct. This, however, does not mean that the ATO will not look into your claimed R&D activities. The tax office will still be looking at your documentations to see how your lodged claims perform against the program’s requirements.

Expert Assistance

We have over 16 years of experience preparing R&D tax incentive claims and can assist in making sure you receive your maximum rebate.

Working with us means you get the maximum grant with minimum risk and effort. Our expertise includes R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

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