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Penalties for overdue TPAR
Liz Gibbs • April 12, 2022

Penalties for overdue TPAR

The Taxable payments annual report (‘TPAR’) must be lodged by 28 August each year. Taxpayers who operate in certain industries and that make payments to contractors may need to report these payments in a TPAR.


Affected industries where taxpayers may have an obligation to lodge a TPAR are:


  • Cleaning services;
  • Building and construction services;
  • Road freight;
  • Courier services;
  • Information technology services;
  • Security, investigation or surveillance services.


From 23 March 2022, the ATO will apply failure to lodge penalties to those who:


  • did not lodge their 2021 or prior year TPAR;
  • have already been sent three non-lodgment letters about their overdue TPAR;
  • do not respond to an ATO follow-up phone call about their overdue TPAR.


In the coming weeks the ATO may be phoning tax agents (or taxpayers directly) about their overdue TPAR, to follow up the non-lodgment letters that have been sent.


Need Assistance?

Email us at Robert Goodman Accountants at reception@rgoodman.com.au . © Copyright 2022 NTAA. All rights reserved. Brought to you by Robert Goodman Accountants.


Quote of the week

You can have anything you want - if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose. Abraham Lincoln.

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