| Agency data share is with |
Ministry of Business, Innovation and Employment (MBIE) and Callaghan Innovation |
| MoU title |
Memorandum of Understanding between Inland Revenue and Ministry of Business, Innovation and Employment and Callaghan Innovation relating to the research and development tax incentive |
| Agency using the data |
Callaghan Innovation and MBIE |
| Purpose |
Information sharing to enable the agencies, responsible for research and development (R&D) advice or incentives, to perform their work in relation to evaluating, administering, statistical reporting on, and policy formation for, R&D tax credits. |
| Data exchanged |
On a weekly basis:
-
enrolments
- information about enrolments follow up
- general approvals
- approved research provider, and
- supplementary returns
On a quarterly basis:
- total R&D expenditure estimated in general approval application
- total R&D expenditure claimed in supplementary return
- total eligible expenditure claimed in supplementary return
- number of R&D tax incentive (RDTI) supplementary subsequently reviewed by the Commissioner for correctness
- days from receipt of enrolment, general approval, approved researcher provider application, CAM application to “notification of decision”
- characteristics of businesses who have submitted RDTI claims
- number of and amount of RDTI tax credits prior to any other offset, and
- number of firms and amount of tax credits set off against income tax.
|
| Legal authority |
Clause 38(1) of Schedule 7 of the Tax Administration Act 1994 |
