Taxable Payments Annual Reports (‘TPARs’) due 28 August

August 17, 2021 | Robyn Bull

2021 TPARs are due to be lodged for businesses who have paid contractors to provide the following services:

With specific reference to the TPAR due on 28 August 2021, the ATO has reminded taxpayers they may need to report payments made to contractors during the 2021 income year for the first time.

This will particularly be the case where such payments were made for delivery services done on behalf of their business (i.e., perhaps as a result of a COVID-19 business ‘pivot’ during lock down periods).

Importantly, the ATO has reminded taxpayers that they already have the records needed to lodge a TPAR from preparing their relevant activity statements including the:

Ref: ATO website, TPAR – check if you need to lodge, 12 July 2021

 

 

 

 

 

 

 

 

 

 

 

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