• Examples of acceptable records

    The following list shows some of the types of records kept for tax or business purposes generally, that may help you to substantiate your R&D claim:

    • project plans and design specifications
    • contracts between yourself and people conducting work for you
    • contracts between yourself and a third party for which you have agreed to develop a product
    • progress reports
    • sales and purchase tax invoices
    • receipts
    • bank statements
    • diaries
    • expenditure journals and cash books
    • R&D working papers
    • financial statements
    • apportionment based log books
    • credit card statements
    • bank deposit books and cheque butts
    • bank account statements employee records such as copies of tax file number declarations, wage books, time sheets and super records
    • motor vehicle expenses, including logbooks
    • debtors and creditors lists
    • records of depreciating assets
    • stocktake records
    • records of any private use in relation to assets or other purchases
    • timesheets.

    Note: This is not a complete list.

    End of attention
      Last modified: 19 Jun 2012QC 26104