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Taxable Payment Reporting

What industries need to report a Taxable Payments Annual Report (TPAR)?

Businesses that are in the following industries who pay contractors for providing services, need to report to the ATO the total payments made to each contractor on a TPAR, at the end of the financial year.

The following industries apply:

From 1 July 2018 - first report due 28 August 2019:

  • Cleaning Services
  • Courier Services

From 1 July 2019 - first report due 28 August 2020:

  • Road Freight Services
  • Information Technology Services
  • Security, Investigation or Surveillance Services

The TPAR is required to be lodged with the Australian Taxation office by 28 August each year.

Who needs to report?

You need to report if all of the following apply:

  • Are a business that is in the one of the above industries (mixed services business may also need to lodge TPAR).
  • Make payments to contractors for services provided.
  • Have an Australian Business Number (ABN).

What do you need to report?

You need to report the following information about each contractor:

  • ABN
  • Their name
  • Their address
  • The gross amount you paid them for the financial year (total amount paid including GST)
  • The total GST included in the gross amount you paid

Payments you need to report

You are required to report the total payments made to each contractor for services provided that are performed on, or in relation to, any part of the industries listed above.

If a payment is for both labour and materials, you are required to report the whole amount.

Payments you do not report

Do not report the following:

  • Payments for materials only or where labour is incidental to supply of materials.
  • Any invoices that you have received but not paid as at 30 June each year.
  • Payment which are reported through PAYG withholding annual report or single touch payroll.
  • Payments for private and domestic projects.

Source: www.ato.gov.au

How can Brentnalls SA help?

For assistance with completing and lodging your Taxable Payment Annual Report, please contact Brentnalls SA and ask to speak to one of our advisors.

If you would like to print this information please click here for PDF format

Disclaimer
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.
 

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