What documents should be kept to support an application?
Businesses selected for audit will be asked for:
- a listing and explanation of RDTI eligible activities, and
- a listing of RDTI Eligible R&D Expenditure.
You must be able to provide evidence of accurate assessment of Growth Grant Eligible R&D Expenditure in the relevant year; and evidence of a good-faith attempt to apply for funding under the RDTI.
Please note that it is up to a business to establish that it has complied, rather than Callaghan Innovation to determine that it has not.
You may also be asked to provide:
- a listing and explanation of R&D activities that were not considered eligible under the RDTI but were considered eligible under the Growth Grant
- a listing of Growth Grant Eligible R&D Expenditure
- if overheads have been claimed, the calculations and any other supporting information to demonstrate how the calculation was made and why it is reasonable
- your RDTI application, and any other information provided to the RDTI team to help assess eligibility of activities under the RDTI
- supporting documentation (invoices, receipts etc) for materials and consumables or capital items purchased
- invoices for external labour
- employee timesheets and evidence to support the allocation of employee time between R&D and non-R&D activities.
When are audits likely to happen?
Approximate audit start dates for each income year covered by the Transition Support Payment scheme are:
- 2019/2020 - June 2022
- 2020/2021 - June 2023
- 2021/2022 - June 2024