Contractors taxable payment annual report form released

The ATO has released the 2011–12 taxable payments annual report form and the accompanying guide for taxable payments to contractors which need to be reported for taxpayers in the building and construction industry. The accompanying guide contains information on:

* those who need to report

* details that need to be reported

* payments that need to be reported (and those that do not)

* when to report

* lodging the form

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