We are reviewing the accounts of our customers who received one or more Resurgence Support Payment (RSP). The review is to make sure customers met the eligibility criteria and used these payments in line with the RSP terms and conditions. If we find your client was ineligible or has passed the RSP through to the business owners, shareholders, partners, trustees or other members of the business, or used the RSP for personal expenses, we may act to recover these payments.
Income tax returns
Resurgence Support Payments should not be included as income in a client’s income tax return, provided that the RSP has been correctly applied to business expenses. When claiming expenses, your client is not entitled to claim a deduction for expenses the RSP was applied to. As part of the annual income tax return process, we encourage tax agents to check that these requirements have been applied.
GST-registered businesses are required to return GST to us on the Resurgence Support Payment(s). They can also claim GST for items they paid for out of the payment they got under the RSP scheme.
If you need to check the eligibility criteria.Eligibility for the Resurgence Support Payment
To find out whether a business applied for the RSP, check the register.
If a client has received an RSP incorrectly, you can set up an instalment arrangement.