EU Reporting Rules For Platform Operators (DAC7) And UK Consultation On Implementation Of The OECD Reporting Rules [On demand] has been saved
EU Reporting Rules For Platform Operators (DAC7) And UK Consultation On Implementation Of The OECD Reporting Rules [On demand]
Aired 4 October 2021
Host: Bernard David
Presenters: Lisa Shipley, Gregory Jullien, Frankie Jell, Alexandre Havard
The seventh version of the EU Directive on administrative cooperation (DAC7) introduces new reporting rules for platform operators aimed at providing member states with information on the income earned by sellers on the digital platform. The reporting requirement will apply to the rental of immoveable property, the provision of personal services, the sale of goods and the rental of any mode of transport. The EU directive is based on model rules developed by the OECD, and the UK is separately consulting on the implementation of the expanded OECD rules. As a result both the EU and UK could have reporting rules applicable from 1 January 2023. What preparations should your organisation have in place? We’ll discuss:
- The legislative requirements and due diligence process in both the EU and UK.
- The practical challenges and data 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.