If you’re in the building and construction
industry and you pay contractors for providing building and construction services, you have
to report those payments to the ATO each year. The Taxable payments annual report details
the total payments you made to each contractor between 1 July last year and 30 June this
year. Lodgment is due by 28 August each year. More information at ato.gov.au/taxablepaymentsreporting
Here’s what you’ll need to lodge online. Your accounting software must be able to create
your ‘annual report’ file. If you’re not sure whether your software has been updated
to generate the annual report, you need to contact your software provider.
Create your file by following your software instructions to generate and save the annual
report file. Record the file name and location as you’ll need to find it later on.
You’ll also need an AUSkey. This is your secure online identification for your business
to deal with us online. Apply for your AUSkey at abr.gov.au/AUSkey.
Once you’ve installed your AUSkey onto your computer, you can go to ato.gov.au and login
to the Business Portal to lodge online. You then select your AUSkey and enter your
password – then click on “continue”. Then under the ‘file transfer’ select
“lodge file” on the left-hand side of the screen.
We recommend you “test” your file before lodging to make sure there are no errors.
Click on the test button. Click on the “browse” button to locate
the file you created and saved earlier (in your accounting software).
Add your email address in case the ATO needs to contact you.
Click on the “submit” button. Here’s a tip: you can test your files at
any time – you don’t have to wait until you’re ready to lodge. This way, if there
are errors, you’ve got time to fix them before the due date for lodgment.
To check if there are any errors in your test file click on the link to the validation report.
The results are displayed in the status column. If the status shows “test successful”,
you’re ready to lodge. If the status shows ‘test failed’, download
the validation report which shows the errors that need correcting before lodging.
Once you know there’s no errors, you can lodge your file.
Click on “lodge”. Locate your file.
Enter your email address if it’s not already there.
Click on the box next to the declaration statement. Click “submit” on the right-hand side.
A progress indicator displays while the file is transferred to the ATO.
You’ll receive a reference number and then click on the link to the validation report
to check the status of your lodgment. This screen shows whether or not your lodgment
has been successful. If the status shows ‘lodge failed’, you’ll
need to correct the errors before resubmitting the file.
If there are no errors, the status will show ‘lodge successful’.
Lodging your Taxable payments annual report online is a better way of doing business with
us. For more information about taxable payments
reporting, go to ato.gov.au/taxablepaymentsreporting