Overdue TPAR - penalties may apply

If you make payments to contractors and operate in a certain industry, you may need to report these payments to the ATO in a Taxable Payments Annual Report (TPAR). TPARs must be lodged by 28 August each year.

Please refer to the ATO’s website here for the list of relevant industries this requirement applies to.
From 22 March 2023, the ATO will begin applying failure to lodge penalties to those who:

• Did not lodge their 2022 or prior year TPAR; and
• have been sent three non-lodgment letters about their overdue TPAR.

If you currently have overdue TPARs we recommend lodging them as soon as possible, or please contact our team here if you are unsure or have any questions on this matter.