Taxable Payments Annual Report New Industries 2020

This is the first year that three new industries are required to submit a taxable payments annual report (TPAR). 
  • Road freight services
  • Information technology services
  • Investigation or surveillance services
Established businesses may be aware of these requirements, but if you have clients that only started in one of these industries within the last year, they may not be aware they need to submit a TPAR.

Essential Information 
  • Contractor name, ABN and address
  • Total including GST for invoices relating to labour services only or a combination of services and materials 
  • TPAR is reported on a cash basis, that is only invoices paid to contractors from 1 July 2019 to 30 June 2020
Businesses that provide mixed services may need to report if more than 10% of turnover is providing services within any of the listed TPAR industries
The first report for these new industries is due by 28 August.

See the ATO Taxable payments annual report  for full details of each industry’s activities that must be included in the report.