• Reportable tax position schedule instructions 2014

    About these instructions

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Attention

    When we refer to you, or taxpayer, we are referring either to you as a business entity (the company) or to you as the public officer responsible for completing the schedule.

    These instructions are not a guide to income tax law. If they do not fully cover your circumstances, contact us or a registered tax adviser.

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    These instructions help you complete Reportable tax position schedule 2014 (NAT 74066). The Reportable tax position schedule 2014 may be completed online if you enable JavaScript. Once you have enabled JavaScript, changes can be saved to your computer. When you have completed the schedule you must print it and send it to us. You cannot submit it online.

    Attention

    If you prefer not to enable JavaScript, contact us at ReportableTaxPosition@ato.gov.au and we will provide you with an alternative form that does not need JavaScript.

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    Further information

    For information about reportable tax positions, see Guide to reportable tax positions 2014.

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    What you must do

    If we have notified you in writing that you must lodge a reportable tax position schedule, you must:

    • answer Yes at item 23 of the Company tax return 2014 (NAT 0656)
    • complete the Reportable tax position schedule 2014 (NAT 74066) – the schedule.

    Do you need to disclose a reportable tax position (RTP)?

    You must disclose all of your material RTPs in the schedule unless any of the following apply:

    • you have either already
      • applied to us for a private ruling that covers the RTP
      • reported the position to be taken in your Company tax return 2014 on a Reportable tax position early disclosure form 2014 (NAT 74067)
       
    • the RTP is covered by an advance pricing arrangement (APA) or an application for an APA that has been accepted into the APA program.

    All disclosures of RTPs must be in writing.

    Further information

    For more information about other ways of disclosing RTPs, see:

    End of further information
    Last modified: 04 Jun 2014QC 40276