Businesses that don’t have to report can volunteer to be a reporting entity under the Payment Times Reporting Scheme.
Volunteer to report
If you're a constitutionally covered entity that isn't eligible for the scheme, you can apply to be a volunteer reporting entity through the reporting portal.
Volunteer reporting entities:
- have the same obligations as other reporting entities
- continue to be reporting entities until they apply to stop reporting.
They become a volunteer reporting entity at the start of the income year after the one they apply in.