Payroll, super and FBT

Taxable payments annual report (TPAR)

The taxable payments annual report, or TPAR, is a yearly report to the ATO of payments a business made to contractors for particular services. It applies to businesses in industries the ATO lists, such as building and construction, cleaning, courier and road freight, information technology, and security, investigation or surveillance services. The report shows each contractor's name, ABN, address and the gross amount paid including any GST, and the ATO uses it to check that contractors report their income. A business must keep records through the year to complete it. A practice should confirm whether the client's industry and payments fall within the reporting rules rather than assume.

General information, not tax advice. The rules change, so check the source page above for the current position. Fedix is developed by Tax7 R&D Pty Ltd.