The ATO has advised that it is currently contacting businesses in the building and construction industry by phone to test the levels of understanding of the requirements of the taxable payments system, and to assist businesses to comply with their annual reporting obligations.

The ATO advises tax agents whose clients have been contacted to ensure that lodged reports are correct and complete. In cases where no report has been lodged, it advises tax agents to follow up with the businesses and determine whether reports are required.

[LTN 238, 9/12/13]

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