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ASX Listed Software Company Receive AusIndustry Finding That R&D Activities Are Not Eligible

XPED LIMITED had previously announced in the company’s interim report for the half year ended 31 December 2018 that a Refundable R&D offset of $1,634,607 was received in respect of the Technology Development segment of the business, which is focused on development of Internet of Things based software and hardware solutions.

The ASX Announcement included a statement that XPED LIMITED was committed to appealing the finding, and believed that the appeal would be successful.

AusIndustry released updated guidance on the eligibility of software development activities in February 2019 which claimants should ensure they review.



This post first appeared on Swanson Reed’s, please read the originial post: here

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ASX Listed Software Company Receive AusIndustry Finding That R&D Activities Are Not Eligible

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