Commissioner's Small Business Consultative Group minutes, 13 March 2012

6. General business

A member raised an item for discussion prior to the meeting in relation to the due date of the annual report for the taxable payments reporting new measure. It was suggested that the required timeframe of reporting by 21 days after the end of the reporting period will significantly increase the workload for many businesses.

ATO response

The Taxable payments annual report is due 21 July each year. The Commissioner has the discretion to vary the due date.

Post meeting update

The first Taxable payments annual report is due 21 July 2013 for payments made in the 2012-13 financial year. In this first year if you lodge your business activity statement quarterly, you may lodge your Taxable payments annual report by 28 July 2013.

Sections within Agenda items

• 1. Welcome and introductions
• 2. Opening remarks
• 3. ATO Online - future direction
• 4. Data matching - supporting self assessment
• 5. Small business - tax administration
• 6. General business
• 7. Wrap up and close