You should use this guide if we have notified you in writing that you must lodge the Reportable tax position schedule 2018 (NAT 74066, PDF 1.72MB)This link will download a file and you are either:
- a June or late balancing taxpayer completing your 2017–18 year income tax return
- an early balancing taxpayer completing your 2018–19 year income tax return.
We have contacted a number of large market business taxpayers who are part of economic groups with turnovers above $250 million to notify them that they must lodge the schedule for the 2017–18 income year.
If your tax return is for a period shorter than the full year you still need to complete the RTP schedule for the period covered by the income tax return. For example, if you joined a consolidated group part way through the year.
For an explanation of terms used in this guide, see definitions.
If you do not need to lodge a tax return
We may have notified you that you need to lodge an RTP schedule but you are no longer required to lodge a company tax return for that income year. For example, if you were a member of a consolidated group for the full year. The RTP schedule is a schedule to the company tax return, meaning that if you do not need to lodge the tax return, you do not need to lodge the RTP schedule.
Early balancing taxpayers
If you are a lodging entity with a substituted accounting period balancing date before June 2018, you need to use Tax Time 2017 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, or
- 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.