Update: Advanced or Overseas Findings
A positive Advance or Overseas Finding gives you assurance that your registered R&D activities will be eligible for claiming under R&DTI. It is also mandatory that you obtain an Advance or Overseas Finding for any overseas activities that you will be registering for the R&DTI.
If you're impacted by COVID and your substituted accounting period ends before 31 December 2020, you can lodge a provisional Advance or Overseas Finding application by 31 December 2020. The completed application must be lodged by 31 March 2021.
The minimum details required in a provisional Advance or Overseas Finding application are:
· Company contact details
· Descriptive name/title of each claimed R&D activity
Further information on the requirements of the provisional Advance or Overseas Finding can be found here.
Companies can continue to submit applications for Advance or Overseas Finding for the 1 July 2020 – 30 June 2021 income year before 30 June 2021.
|