Are payments between related companies included in PTRS?

Quick answer

Payments between entities in the same consolidated group are excluded, but payments to other related entities are not automatically excluded.

What does this mean?

The Regulator requires payments between entities in the same consolidated group to be excluded from the TCP Dataset. This applies even where the receiving entity has annual revenue below $10 million. However, a related entity that is not a controlled entity is not covered by the intragroup exclusion.

Practical point

Do not treat every related-party payment as intragroup. The relevant question is whether the entities form part of the same consolidated group for reporting purposes.

Other ways people ask this

• Do intercompany payments need to be included in PTRS?
• Are related-party invoices reportable?
• Can payments between companies in the same group be excluded?
• Does the PTRS intragroup exclusion apply to every related entity?

Official sources

• Payment Times Reporting Guidance Materials
  Excluded payment – Intragroup payments
  Paragraphs: 154, 155, 156 · Page: 40
• Worked Example – Standard Payment Times Report
  Glossary
  Reference: Intra-group payment

Related guidance

• What payments can be excluded from PTRS?
• What is a trade credit arrangement?

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