TPAR Deadline Alert – Penalties Now Apply for Overdue Reports

Introduction

If your business is required to lodge a Taxable Payments Annual Report (TPAR) and hasn’t done so yet, the clock has run out. As of 22 March 2025, the Australian Taxation Office (ATO) has started applying failure-to-lodge penalties to businesses with overdue TPARs. At Trinity Accounting Practice, we’re here to help you avoid unnecessary fines and ensure full compliance moving forward.

This blog explains what the TPAR is, who needs to lodge it, and what penalties apply if you miss the deadline.

What Is the TPAR?

The Taxable Payments Annual Report (TPAR) is a report certain businesses must submit to the ATO each year. It details payments made to contractors or subcontractors for services. The TPAR helps the ATO identify undeclared income in industries where contractors are common.

Who Needs to Lodge a TPAR?

You must lodge a TPAR if your business operates in any of the following industries:

✅ Building and construction services
✅ Cleaning services
✅ Courier and road freight services
✅ Information technology (IT) services
✅ Security, investigation, or surveillance services
✅ Mixed services with at least 10% of income from the above

If you made payments to contractors or subcontractors during the financial year for these types of services, a TPAR is required.

TPAR Due Date: 28 August Each Year

The TPAR for the 2023–24 financial year was due on 28 August 2024. If your business hasn’t lodged yet, penalties are now being issued.

What Are the Penalties for Late Lodgement?

The ATO has confirmed that failure-to-lodge (FTL) penalties now apply. These penalties can range from $313 to over $1,500, depending on:

• How long the TPAR is overdue
• Your business size (small, medium, or large)
• Whether you’ve been penalised previously

Penalties continue to increase the longer the report remains outstanding.

What Should You Do If You’ve Missed the Deadline?

If your TPAR is overdue, act immediately:

1. Lodge the TPAR as soon as possible.
2. Contact the ATO or your tax agent to discuss penalty remission options.
3. Work with an accounting firm like Trinity to ensure accurate lodgement.

The ATO encourages businesses to submit overdue reports promptly, even if they anticipate a penalty. Proactive communication may reduce or eliminate penalties in some cases.

How Trinity Accounting Practice Can Help

At Trinity Accounting Practice, we assist businesses across industries to:

✅ Identify if TPAR lodgement is required
✅ Collect contractor data correctly
✅ Lodge TPARs accurately and on time
✅ Avoid or reduce penalties for late lodgement
✅ Maintain ATO compliance all year round

Whether you’ve already received a penalty notice or are unsure if TPAR applies to your business, we’re ready to help.

Conclusion

The ATO is taking overdue TPARs seriously in 2025. Businesses that have not complied with the annual reporting obligation risk incurring escalating penalties. If you’re unsure about your obligations or need help lodging overdue reports, now is the time to act.

👉 Trinity Accounting Practice
✅ Accounting Firm in Beverly Hills
☎️ 02 9543 6804
📍 159 Stoney Creek Road Beverly Hills NSW 2209
🌐 www.trinitygroup.com.au
📅 Weekend & after-hours appointments available!
📅 Booking Link: https://calendly.com/ramy-hanna

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