• Completing the Research and development tax incentive schedule

    Attention

    Warning:

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

    End of attention

    Filling in the top of page 1

    Original or amended schedule

    If the company has already lodged a Research and development tax incentive schedule for the 2011-12 year of income, print X in the box at the right of Amended schedule. If it hasn't, print X in the box at the right of Original.

    Company name

    Write the name of the company. The name shown on the Research and development tax incentive schedule must be the same as that shown on the company's tax return.

    Tax file number (TFN)

    Write the TFN of the company lodging the schedule and company tax return. The TFN shown on the Research and development tax incentive schedule must be the same as that shown on the company's tax return.

    AusIndustry - Innovation Australia number

    Write the AusIndustry - Innovation Australia registration number issued to the company for registered R&D activities for this income year. If your company is part of a consolidated group, only the head company should apply for registration under the R&D tax incentive.

    Australian business number (ABN)

    Write the company's ABN.

    Preliminary calculation - Add back of research and development (R&D) accounting expenditure

    At label D 'Preliminary calculation' write the add-back of R&D accounting expenditure for the amounts that you have written at the expenditure labels in item 6 'Calculation of total profit or loss' on the Company tax return 2012, which relate to amounts that you are claiming as a notional R&D deduction under the R&D tax incentive provisions. Generally, these amounts include expenditure for accounting purposes on R&D activities, which are used in calculating the R&D tax offset, rather than being claimed as allowable deductions.

    The amount written at label D 'Preliminary calculation' on the Research and development tax incentive schedule must be the same as the amount written at D 'Accounting expenditure in item 6 subject to R&D tax incentive item 7' on the Company tax return.

    If you have not written expense amounts for R&D deductions at item 6 'Calculation of total profit or loss' on the company tax return (if, for example, those amounts are capitalised for accounting purposes) write 0 (zero) at:

    • label D 'Preliminary calculation' on the Research and development tax incentive schedule, and
    • D 'Accounting expenditure in item 6 subject to R&D tax incentive item 7' on the Company tax return.
    Last modified: 21 Dec 2012QC 26005