Taxable Payments Annual Report (TPAR) (July 2024 Tax Update)

Relevant For:

Business owners and managers in building and construction, cleaning, road freight and courier services, IT services, and security and investigation services.

Key Points:

• TPAR due by 28 August 2024.
• Required for businesses in specific industries: building & construction, cleaning, road freight & couriers, IT services, security & investigations.
• Includes payments to contractors: subcontractors, consultants, independent contractors.
• Contractors can be sole traders, companies, partnerships, or trusts.
• Accurate reporting prevents penalties.

Full Article:

If your business operates within:

• building and construction;
• cleaning;
• road freight and courier services;
• IT services; or
• security and investigation services,

… it's crucial to