Reporting Rules For Platform Operators – Latest Developments - And Update On Implementation In The EU (DAC7) And UK [On Demand] has been saved
Reporting Rules For Platform Operators – Latest Developments - And Update On Implementation In The EU (DAC7) And UK [On Demand]
Aired 17 May 2022
Host: Kate Ramm
Presenters: Lisa Shipley, Gregory Jullien, Emer Pearson
The seventh version of the EU Directive on administrative cooperation (DAC7)
introduces new reporting rules for platform operators aimed at providing
information on the income earned by sellers on the digital platform. The
requirement will apply to rental of immoveable property, provision of personal
services, sale of goods and rental of any mode of transport. The EU directive
is similar to model rules developed by the OECD, and the UK has separately
consulted on implementation of the expanded OECD rules. As a result both EU and UK could have reporting rules applicable from 1 January 2023. What does this mean for your organisation? We’ll discuss:
- Legislative requirements and due diligence process in the EU and UK.
- Overview of practical challenges and issues in collecting, verifying and reporting data.
Learn more about the requirements under these new rules and the steps that can be taken to ensure compliance.