If you are a contractor in the building and construction industry, businesses in this industry that pay you for services will soon report to the ATO the total amount they paid you for the 2012-13 year.

The ATO will compare this information with income you include in your tax return.

The information businesses will report to the ATO includes:
Your Australian business number (ABN)
Your name
Your address, and
Total amount paid to you, including any GST.

Make sure you:
Lodge your 2012-13 tax return by the due date and include all your income
Lodge any prior year tax returns as soon as possible, and
Consider making a voluntary disclosure if you think you have made a mistake in a previously lodged tax return. Where you voluntarily advise the ATO of any errors or omissions, any penalties that apply may be reduced.

If your tax obligations are not up to date and you choose to do nothing, you could be subject to a review or audit and may face penalties.

If you also pay contractors for building and constructions services you will be required to report these payments to the ATO each year.