What you'll need to complete your detailed statement

Content of detailed statement

In the detailed statement, you will be asked for descriptive and expenditure information for your R&D projects. If you have more than 15 projects with eligible expenditure you must provide both descriptive and expenditure information for the 15 largest projects, where “largest” refers to the amount of eligible expenditure. You then have the option of continuing to add projects with both descriptive and expenditure information, or combining the details of eligible expenditure on the remaining projects into a consolidated project.

You will be asked for the following descriptive information relating to your individual projects (but not for a consolidated project):

• What new knowledge, materials, products, devices, processes or services does the eligible R&D aim to produce?
• What eligible R&D activities were undertaken to meet this objective?
• What is the scientific or technological uncertainty that the eligible R&D seeks to resolve?
• What appreciable element of novelty does the eligible R&D contain?

For each of the individual projects and for the consolidated project, you will also be asked to identify eligible expenditure broken down into:

• employee remuneration
• training, recruitment, relocation and travel
• depreciation loss
• cost of materials incorporated into prototypes
• overheads
• consumables
• net cost of items transformed
• research contracts.

Finally, for each individual project, and for the consolidated project, you will be asked to provide some additional information, including:

• estimate the percentage of total employee remuneration that was spent on support activity
• identify how much of the total eligible expenditure was spent on internal software development
• identify how much of the total eligible expenditure was spent on R&D conducted outside New Zealand.

Find out more

• Get ready to file your detailed statement
• File your detailed statement online
• Receiving your tax credit
• Avoid common errors when claiming

Date published: 06 Nov 2009

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