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How to complete the schedule

Last updated 29 June 2008

Complete all items on the Research and development tax concession schedule 2008 that apply to your company, including Yes or No items. If an item or label (other than a Yes or No item) does not apply, leave it blank unless otherwise instructed.

Original or amended claim

If the company has already lodged a research and development tax concession schedule for the 2007-08 year of income, enter X in the box at the right of Amended claim. If it hasn't, enter X in the box at the right of Original.

Company name

Enter the name of the company. The name entered on the research and development tax concession schedule must be the same as that shown on the company's tax return.

Tax file number (TFN)

Enter the TFN of the company.

AusIndustry - Innovation Australia number

Enter the AusIndustry - Innovation Australia registration number issued to the company for this income year for registered activities.

If your company is the head entity of a consolidated group and it is not registered with AusIndustry for the current year, enter the registration number of any subsidiary member company in the consolidated group that has been registered.

Australian business number (ABN)

Enter the company's ABN.

Signature as prescribed on tax return

The person who is required to sign and who signs the company tax return must also sign the research and development tax concession schedule.

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

At DPreliminary calculation enter the add-back of R&D accounting expenditure for the amounts you have included at the expenditure labels at item 6 Calculation of total profit or loss on the Company tax return 2008 which relate to amounts that are subject to the R&D tax concession (Australian owned or foreign owned R&D).

The amount entered at D on the research and development tax concession schedule must be the same as the amount entered at D item 7 Accounting expenditure in item 6 subject to R&D tax concession on the company tax return.

If you have not included expense amounts for R&D deductions at item 6Calculation of total profit or loss on the company tax return (if, for example, those amounts are capitalised) enter zero (0) at D Preliminary calculation on the research and development tax concession schedule and D item 7 Accounting expenditure in item 6 subject to R&D tax concession on the company tax return.

QC21104