Attaching additional information
You can provide additional information when you lodge the schedule through Online services for business, Online services for agents or by mail. You can also provide the additional information separately (through Online services for business, Online services for agents or by mail) if you have lodged the schedule electronically as part of your income tax return via SBR-enabled software.
You must include your entity's ABN on each attached page.
If you use Online services for business or Online services for agents to provide the additional information, use the instructions for lodging the schedule online but write '20YY-YY RTP schedule attachments' in the message details. Online services for business and Online services for agents currently limit attachments to six per message, with a maximum file size of 6MB. Acceptable files types are:
- .doc, .docx, .dotx, .rtf
- .xls, .xlsx, .xltx, xml
- .tif, .jpg, .bmp, .png, .gif
- .zip
- .mpp
- .ppt, .pptx, .potx, .ppsx.
Any files that breach the limits or are of an unacceptable format will be rejected.
Changing your entity's schedule
If you want to change any of the information reported on the schedule after you have lodged it, you will need to lodge another Reportable tax position schedule 2020.
Changes to a Category A or B reportable tax position must be provided in section C of the new schedule you lodge. In the Concise description field, enter the RTP number used on the earlier schedule (for example, 2020-x number) and detail the changes.
Reasonable care
You must complete the schedule correctly and with reasonable care. Reasonable care means taking the same care that could be expected of a reasonable ordinary person in your position.
Penalties may apply for false or misleading statements.
See also:
- MT 2008/1 Penalty relating to statements: meaning of reasonable care, recklessness and intentional disregard
Guide to reportable tax positions
We have prepared the following guidance on reportable tax position related issues.
General issues:
- Category A: Tax uncertainty in your income tax return
- Category B: Tax uncertainty in financial statements
- Treating similar circumstances, arrangements or transactions as a single position
- Category A and B positions relating to losses
- Compliance – administrative and failure to lodge penalties
Transfer pricing issues: