Original or amended schedule
If you have already lodged a Research and development tax incentive schedule 2024, print X in the box at Amended schedule. Otherwise, print X in the box at Original.
Company name
Write the name of the company lodging the Research and development tax incentive schedule 2024. The name you write on the 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 Research and development tax incentive schedule 2024. The TFN you write on the schedule must be the same as that shown on the company's tax return.
AusIndustry – IISA
Write the AusIndustry–Industry Innovation and Science Australia (IISA) registration number issued to you for registered R&D activities for 2023–24. If you are only claiming expenditure incurred to an associate in an earlier income year that you paid in the current year, you need to include your AusIndustry–IISA registration number for the income year that registration was obtained for the related R&D activities. For the period you are 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 ABN of the company lodging the Research and development tax incentive schedule 2024. The ABN you write on the schedule must be the same as that shown on the company's tax return.
Preliminary calculation – Add back of R&D accounting expenditure
At label D Preliminary calculation write the total of the amounts that you show as expenditure in item 6 Calculation of total profit or loss in the Company tax return 2024 that 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 Income and Expenses amounts you show at item 6 Calculation of total profit or loss are accounting system amounts that correspond to the amounts in your financial statements. Don't include accounting fees here.
At item D Preliminary calculation you also need to include amounts that you show as expenditure in item 6 Calculation of total profit or loss in the Company tax return 2024 which you have incurred to your associates that are not yet paid or claimed and are to be carried forward. For more information, see Part C – R&D expenditure to associates.
The amount you show at item D Preliminary calculation must be the same as the amount you write at item 7 Accounting expenditure and at item 6 subject to R&D tax incentive – label D in the Company tax return 2024.
If you don't show expense amounts for R&D deductions and R&D expenditure to associates to be carried forward at item 6 Calculation of total profit or loss in the Company tax return 2024 (if, for example, those amounts are capitalised for accounting purposes) write zero at both:
- item D Preliminary calculation in the Research and development tax incentive schedule 2024
- item 7 Accounting expenditure in item 6 subject to R&D tax incentive – label D in the Company tax return 2024.
Continue to: Part A – Calculation of notional R&D deduction