| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your private ruling
Authorisation Number: 1012492235833
Ruling
Subject: Taxable payments reporting - building and construction industry
Question
Does the company need to report contractor payments for the taxable payments reporting for the building and construction industry?
Answer
No.
This ruling applies for the following period
Year ended 30 June 2013
The scheme commenced on
1 July 2012
Relevant facts
You use the services of a consultant, who is employed to computer design products for your business.
You manufacture building products.
You provide a finished product and sell to builders and owner builders.
You are not involved directly with construction/erection of buildings.
Relevant legislative provisions
Taxation Administration Act 1953 Section 405-5
Taxation Administration Regulations 1976 Regulation 64
Reasons for decision
Are you a business that is primarily in the building and construction industry for the purposes of the 'Taxable payments reporting'?
No. Your business activity is the production/manufacture of building products and supplying the finished product to builders or owner builders. You are not involved in the installation of this product. Because 50% or more of your business income is not derived from providing building and construction services, you are not considered to be a business that is primarily in the building and construction industry for the purposes of the 'Taxable payments reporting' obligations. You do not have to report payments to contractors.