compliancegroup specialises in the cost effective identification, capture and realisation of benefits under the R&D tax incentive.
core research & development activties:
Core R&D activities must be experimental activities.
Core R&D activties are limited to those where the outcome cannot be known or determined in advance on the basis of current knowledge, information or experience.
Core R&D activties are limited to those applying a systematic progression of work that is based on principles of established science and proceed from hypothesis to experiment, observation and evaluation, and logical conclusions.
Core R&D activties are limited to those conducted for the purpose of generating new knowledge (including new knowledge in the form of new or improved materials, products, devices, processes or services).
A number of activties are specifically excluded from being core activities and include such things as:
> marketing activties;
> prospecting, exploring or drilling for minerals or petroleum;
> management studies or efficiency surveys;
> research in social sciences, arts or humanities;
> patenting and licensing activities.
> activities complying with statutory requirements or standards;
> reproduction of existing commercial products or processes;
> developing, modifying or customising computer software for the dominant purpose of use in own internal administration.
Supporting R&D activities are activities directly related to core R&D activities.
If a supporting activity falls into the excluded category for core R&D activties; produces goods or services; or is directly related to producing goods or services; the activity is a supporting R&D activity only if it is undertaken for the dominant purpose of supporting core R&D activities.