Revenue has published a new Tax and Duty Manual to provide general guidance on how new EU reporting obligations for platform operators will operate in Ireland.
The Council Directive 2011/16/EU (DAC) which provides for the automatic exchange of information between the tax administrations of EU Member States was amended by Council Directive (EU) 2021/514 (DAC7) in 2021 to extend the scope of the existing DAC provisions. With effect from 1 January 2023, DAC7 obliges certain platform operators to collect and automatically report information on certain sellers using their platform to earn consideration.
It is intended that the information obtained will assist Member States in addressing the tax challenges posed by the platform economy.
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