Penalties now apply for late TPAR

Taxable payments annual report

From today 23rd 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

Did not respond to the ATO or follow-up phone call about their overdue TPAR.

As always if you have any questions or to understand if your business needs to lodge a TPAR, how to prepare, record and report please call our office on (02) 4402 8913 or email info@eastcoastbbs.com.au