TPAR - Does the Tpar report facility work in real time and send the information directly to the ATO or is it only a flag for a report to be created and sent at the end of the year? BTW we're working on the Business Lite platform.
Hi Wendy6171,
That's a good question. TPAR Report facility does not work in real time and does not send information directly to the ATO. Instead, it acts as a flag for reportable transactions, allowing you to generate a TPAR file at the end of the financial year, which you then submit to the ATO. You can also visit this help page for more information: Lodge a Taxable payments annual report (TPAR)
Regards,
Earl
