What you'll need to complete your detailed statement
Content of detailed statement
The content of the detailed statement is yet to be finalised, but it is likely that you will be asked for descriptive and expenditure information for your 15 largest R&D projects, where largest refers to the amount of eligible expenditure. If you have more than 15 projects with eligible expenditure, you will also be asked to combine this information for the eligible expenditure on the additional projects and to provide this.
You are likely to be asked for the following descriptive information relating to your 15 largest projects:
- What new knowledge, materials, products, devices, processes or services does this project aim to produce?
- What systematic, investigative and experimental activities did you undertake to meet the above objective?
- What is the scientific or technological uncertainty that the project seeks to resolve?
- What appreciable element of novelty does this project contain?
For each of the above projects it is likely you will also be asked to identify eligible expenditure broken down into:
- employee remuneration
- depreciation
- training, recruitment and relocation
- prototype costs
- overheads
- consumables
- net cost of items transformed
- research contracts
- previously unclaimed expenditure on eligible R&D activity conducted outside New Zealand.
If you have more than 15 eligible R&D projects, you will be asked to combine the eligible expenditure for the additional projects and provide this broken down under the above headings.
Finally, it is likely that you will be asked for each project (and if more than 15 projects, for the additional projects combined):
- estimate the percentage of total employee remuneration that was spent on support activity
- identify how much of the total eligible expenditure was spent on R&D conducted outside New Zealand
- identify how much of the total eligible expenditure was spent on internal software development.
Find out more
- Get ready to file your detailed statement
- File your detailed statement online
- How the claim process works
- Receiving your tax credit
Date published: 26 Sep 2008
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