New requirements for certain businesses to report to the ATO by 28 August
The Taxable Payments Reporting System (TPRS) was first introduced in 2012 to strengthen detection of those gaining an unfair advantage by not reporting or under-reporting their income and to protect the majority of people who are doing the right thing.
The TPRS now applies to businesses providing cleaning or courier services that will need to complete a Taxable payments annual report (TPAR) if they have an Australian business number (ABN), and make any payments to contractors for cleaning or courier services they provide on a business’s behalf. This applies even if cleaning or courier services are only part of a business’s activities.
This new report for businesses providing cleaning or courier services applies from 1 July 2018, with the first TPAR due by 28 August 2019.
Can you help spread the word?
The Australian Taxation Office (ATO) has contracted us, Fenton Communications, to raise awareness of the TPRS and the need for businesses providing cleaning or courier services to lodge a TPAR by 28 August 2019.
You can help by informing your members about the new reporting during June/July/August.
We have developed some resources to help:
· Editorial for your website and/or monthly newsletter.
· Posts, images and videos to share with your social media networks.
These resources are available to download from this link: https://www.dropbox.com/sh/qnqyocviabtt9m5/AAAO4WHjHKL6Pa7dPDXrmTa_a?dl=0.
We can also organise an ATO spokesperson to speak at an upcoming event.
Help and information
Contact us at TPAR@fenton.com.au if you would like to book an ATO spokesperson, or have a question about the editorial or social media content.
If you would like to verify the contents of this email or talk to the ATO about a specific issue, contact the ATO at TPRScampaign@ato.gov.au.
For more detailed information about the new tax reporting obligations, visit www.ato.gov.au/tpar.
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