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  • Who should use this guide

    You should use this guide if we have notified you in writing that you must lodge the Reportable tax position schedule 2017 (PDF 1.72MB, NAT 74066)This link will download a file and you are either:

    • a June or late balancing taxpayer completing your 2016–17 year income tax return
    • an early balancing taxpayer completing your 2017–18 year income tax return.

    You may also use this guide to complete the Reportable tax position early disclosure form 2017 (PDF 1.72MB, NAT 74067)This link will download a file.

    We have contacted a small number of large market business taxpayers that we view as higher consequence to notify them that they must lodge the schedule for the 2016–17 income year.

    Higher consequence taxpayers are those in our 'higher risk' or 'key taxpayer' categories. For more information about higher consequence taxpayers, refer to Risk differentiation framework.

    For an explanation of terms used in this guide, see definitions.

    Early balancing taxpayers

    If you are a lodging entity with a substituted accounting period balancing date before June 2017, you need to use Tax Time 2016 publications including:

    Disclosing a reportable tax position (RTP)

    All RTPs must be disclosed in the schedule.

    You do not need to disclose an RTP in the schedule if:

    • you have already applied to us for a private ruling that covers the RTP
    • you have already disclosed the position to be taken in your Company tax return 2017 on a Reportable tax position early disclosure form 2017 (NAT 74067)
    • the RTP is covered by an advance pricing arrangement (APA) or an application for an APA that has been accepted into our APA program.

    Additionally, you do not have to disclose Category A and B RTPs that are not material.

    Last modified: 11 Feb 2019QC 50949