AAT decision – Ultimate Vision Inventions Pty Ltd
Last Updated: 10 May 2021
AAT decision in Ultimate Vision Inventions Pty Ltd and Innovation and Science Australia reinforces the need to keep accurate evidence of claimed activities.
- AAT decision that supports the departmental position that applicants must keep accurate evidence of claimed R&D activities that are registered through the R&D Tax Incentive.
- The key aspects of the Tribunal’s decision are
- Applicants must demonstrate evidence of claimed activities;
- Applicants cannot seek to change their activities at the Tribunal – they are constrained to the activity descriptions as registered; and
- Pursuing an innovative idea will not, on its own satisfy the requirements for an eligible R&D activity.
- The applicant has referred the matter to the FCA on appeal. The matter continues to progress.
