TPAR Reporting
Australian businesses in the building and construction industries that make payments to contractors for building and construction services are required to report these payments to the Australian Tax Office (ATO) on the "Taxable payments annual report\" (TPAR). See "Taxable payments annual report (TPAR)" on the ATO website for more information.
Enabling TPAR Reporting
Enabling Payment Tracking Tracking payments for TPAR reporting can be turned on or off at several levels in the MYOB Advanced System. The Supplier Classes (AP201000) screen contains a Track for TPAR option - when this option is ticked, any new suppliers that are created with this class will track payments for TPAR by default. An Apply TPAR to all Suppliers toolbar button is available to apply the current Track for TPAR setting to all suppliers of this class.
- The ABN field should contain the Australian Business Number that will be used for this supplier when filing the TPAR. The ABN entered here will be used for TPAR reporting only.
- The TPAR Location field is an optional setting that lets you specify a location to use for TPAR reporting, to determine address, contact and banking details for the supplier. You can use this if you've set up a specific location with an ATO-registered address details for TPAR.
Tracking Payments
A Track for TPAR option is avaiable on the Bills and Adjustments (AP301000) screen. When Track for TPAR is ticked for a supplier, any bills raised for that supplier will also have their Track for TPAR option ticked; however, you can change this option for individual bills as necessary. Once a bill is released, the Track for TPAR option becomes read-only, but it is still possible to change its status using the Track for TPAR / Stop tracking for TPAR actions. These actions allow you to turn on tracking for historical payments from the current financial year that were released before the MYOB Advanced system was upgraded to 2020.4.
On the Cheques and Payments (AP302000) screen, the table on the Documents to Apply tab has a read-only Track for TPAR column, which shows the TPAR status of all bills included in the payment.
Producing TPAR Reports
TPAR Summary
The TPAR Summary (MBTX4010) inquiry displays data for a selected company and financial year, and allows you to generate a TPAR file for submission to the ATO. It shows a summary of TPAR amounts for each supplier.
Clicking on the amount in the TPAR Amount column opens the TPAR Review Supplier Payments inquiry in a separate window, showing details of the payments included in the selected supplier's TPAR amount (see below).
- Validate TPAR file – Validates all the data in the submission file to ensure the correct address, name, bank, ABN etc information is valid for submission to the ATO. A text file is created, which will either list any data that needs to be updated for each supplier, or a message saying that the validation was successful.
- Generate TPAR file – Generates a TPAR export file for the selected company and year. This file can then be lodged with the ATO—see “Lodging your TPAR” on the ATO website for details.
TPAR Review Supplier Payments
TPAR Summary Report
The TPAR Summary Report (MBTX6040) provides a printable report that shows the same data that appears on the TPAR Summary inquiry screen.
TPAR Details Report
The TPAR Details Report (MBTX6041) provides a printable report that shows the TPAR-tracked transactions for a specific supplier, as they would appear on the TPAR Review Supplier Payments screen.