Taxable Payment Annual Report

Taxable payments annual report (TPAR) to include 3 more industries – road freight, IT & security

The ATO has announced that those businesses providing services in the following 3 industries will be caught in the “TPAR net” from 1st July 2019.

  • Road freight services
  • Information technology services
  • Security, investigation or surveillance services

From 1st July 2019, businesses in the above 3 industries will need to track payments made to contractors they use to provide their services. Then, they will need to report these payments in their first TPAR which will be due for lodgement by 28th August 2020.

Read more from the ATO about this here.

Note, the ATO has also included cleaning and courier services in the TPAR program, beginning 1st July 2018.

If your business in included in any of the above industries and you think you will need help setting up tracking payments to contractors in your chosen accounting software and/or lodging the TPAR, please don’t hesitate to get in contact with us.

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Cleaners & Couriers now required to lodge a Taxable Payments Annual Report

The ATO has now confirmed that those who run a courier and/or cleaning business must lodge a Taxable Payments Annual Report (TPAR) from 1 July 2018.

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How to lodge your taxable payments annual report online

If you are in the building and construction industry, you are now required to lodge a taxable payments annual report (TPAR) by the 28th of August each year. The TPAR tells the ATO about payments you have made to contractors during the year in your business. Lodging via hard copy and snail mail can be a nuisance particularly if there are many contractors to report about. Information about lodging your TPAR online can be found on this ATO webpage.

Even though the above ATO webpage explains how to lodge the TPAR via the business portal, the instructions still apply to BAS Agents using the BAS Portal to lodge on behalf of clients as the lodging process is the same. In fact, the instructions apply to lodgement of any file via the portals so this video is pretty handy.

For more information about the Taxable Payments, Annual Report read our in-depth blog here.

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