Do you run a business in the building and construction industry?

Do you run a business in the building and construction industry?

The ATO has just announced that it will begin contacting businesses in the building and construction industry who have not lodged their Taxable Payments Annual Report for the 2018 and prior financial years.


What is it? Do you need to report? What information should you report? What if you haven't lodged your report? We answer these questions and more.

What is TPAR?

TPAR, or the Taxable Payments Annual Report, is an industry specific report for businesses in the building and construction industry (and soon other industries) who are required to report the total payments made to contractors for providing services. Do you need to report? You may need to lodge a Taxable payment annual report (TPAR) by 28 August each year if you are a business providing:  

What information do you need to report?

The details you need to report about each contractor are generally found on the invoice you should have received from them. This includes:

  • their Australian business number (ABN), if known
  • their name and address
  • gross amount you paid to them for the financial year (including any GST).

Contractors can include subcontractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts.

What does the ATO do with this information?

The ATO use this information to identify contractors who haven't met their tax obligations by declaring the income on their tax return.

What do you do if you haven’t lodged it yet?

The ATO can impose a penalty where you fail to lodge a report on time. The amount of the penalty is dependent on the size of the business and the period the report is overdue.

Need help? Please contact SMART Business Solutions on 0359 11 7000 or reception@smartbusinesssolutions.com.au Want to grow your business & improve cashflow? You need SMART solutions for YOUR business, not just annual tax compliance! Get the SMART team working with you. Call SMART Business Solutions today on 03 5911 7000


Other Recent Posts



Get your B.I.T.E Conference 2020 tickets for only $100. Be one of the innovators who stays ahead of the curve (and saves $75). Valid until 30 November 2019.



Here's a rare local opportunity to learn more about marketing and managing your business and keeping up to date with the latest innovations that can help run your business more efficiently. A sell out event for the past three years, B.I.T.E Conference is the premier small business event in Greater Melbourne and Frankston region.

Join Shannon and the SMART Team at the first 90 minute Lunch & Learn Workshop for 2020!

It doesn't matter if you're a retailer, tradie, health practitioner or one of a thousand other businesses. The tools remain the same. We're all about getting you on track to help you understand your business, make realistic goals and to be better positioned to reach your business goals.


Session # 11 - 3 Essential Tools for Business Success 

By attending this event you’ll learn the three most powerful tools for business success and how to use them, including:

Our final Lunch and Learn for 2019, this session puts the wheels in motion to ensure your 2020 is spent being results focussed, productive and more aligned with your business goals than ever before.