Readers are reminded that Irish based platform operators should use ROS to register for DAC7 reporting obligations by this coming Thursday 30 November 2023.
Following a recent meeting of the Tax Administration Liaison Committee (TALC) BEPS DAC7 subgroup Revenue provided some updates and clarifications in relation to the filing of returns.
Addressing practitioner concerns regarding encryption of the interface (API), Revenue notes that the API is as secure as using ROS to upload a file. For that reason, filers should not be concerned about the security of unencrypted data uploaded using the API.
The group was informed that files submitted via API go on to the same queue used for files submitted via the ROS website. Revenue has explained that the reason it may take longer for those filing via API to receive status notifications is because where a Platform Operator submits a very large number of files in sequence, they get backed up in the queue. However, even in very busy periods, Revenue expects filers to receive a status notification to their ROS inbox within the hour.
Readers are reminded that a unique email address is required to register each Foreign Platform Operator. This may be of note for where there is one responsible officer across a group with multiple platform operators. As previously reported, platform operators and their agents can contact the Automatic Exchange Of Information (AEOI) helpdesk with any technical issues with registration or reporting.
Revenue has made relevant technical available on its software developers page. The File Test Facility will be open on 4 December 2023. We will continue to keep members updated via Tax News.
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