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09 Dec 13 ATO contacting businesses about taxable payments annual reports

The ATO advises that it is telephoning some businesses in the building and construction industry directly to:

  • test the levels of understanding of the requirements of the new system
  • help businesses to comply with their taxable payments annual reporting obligations.

It has also been contacting them to:

  • ensure lodged reports are correct and complete
  • follow up with businesses that have not yet lodged a report (where ATO records indicate they should have)
  • follow up with businesses who have advised the ATO that they are not required to report (where ATO records indicate they have a reporting requirement).

The businesses are being contacted directly even if they are clients of tax agents.

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