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What is a TPAR

Written by Melissa Zaniol • Administration Officer
Published on 11 Feb 2019

What is a TPAR? Many have contacted us regarding TPARs. What are they? What are they for? Do I need to lodge a TPAR? When does it need to be lodged? Because of the massive influx of questions surrounding TPARs, we’ve decided to clarify some cloudy subject on TPARs.

 

What is a TPAR?

TPAR stands for Taxable Payments Annual Report.
It is required to inform the ATO about payments that are made to contractors.
Contractors include subcontractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts.

 

What industries need to lodge for the 2018 year?

Businesses providing:

Building and Construction Services – this includes a wide range of services, examples can be found on the ATO website – https://www.ato.gov.au/Business/Reports-and-returns/In-detail/Examples-of-building-and-construction-services/

Cleaning Services (for contractor payments from 1 July 2018)

Courier Services (for contractor payments from 1 July 2018)

What information do I need to report?

The details you need to report for each payee include the:

  • ABN
  • Name
  • Address
  • Total amounts for the financial year of the
    • Gross amount paid (including GST plus any tax withheld)
    • Total GST you paid them
    • Total tax withheld where ABN was not quoted.

Please contact our office for assistance and advice on other information that may be required.

 

What is the due date?

The due date is 28 August following the 30 June year end. Please contact us as soon as possible to ensure we have all the information before lodgement is required.

Check out another recent blog in this category.

For the last 10 years, Melissa has been working in the area of HR Administration within various industries including law, hospitality, detention and most recently working for a small business supporting our local area. Authour • Melissa Zaniol

Administration Officer, Fitzpatrick Group

Post Categories: Managing Business | Small Business
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