Paper Self Assessment Return Deadline
FMLA Leave Compliance Check for US Employers
Why this matters.
Council Directive (EU) 2021/514, known as DAC7, amended the Directive on Administrative Cooperation (2011/16/EU) so that digital platforms must collect information about the people who sell or earn through them and report it to tax authorities every year. It covers four activities: selling goods, renting out property (such as short-term lets), personal services (such as freelance work, tutoring, deliveries and odd jobs booked through an app) and renting out means of transport. Since the 2023 calendar year, platforms have had to report each seller’s name, address, date of birth, tax identification number (TIN), VAT number where relevant, bank account and the income earned per quarter by 31 January of the following year, and tax authorities automatically share the data between member states. Sellers of goods with fewer than 30 sales and no more than €2,000 of sales in the year are excluded, but there is no such limit for services or rentals.
DAC7 does not create a new tax, but it means your national tax authority can now see your platform income and compare it with your tax return. If you have not declared it, you can expect letters, assessments, interest and penalties under your country’s tax rules. Platforms must ask for your details and, if you do not provide them after two reminders, can close your account or withhold payouts. Depending on your country and how much you earn, platform income may also mean you need to register as self-employed, pay social contributions or register for VAT, although the SME VAT scheme in force since 1 January 2025 (Directive (EU) 2020/285) lets small sellers stay exempt below their country’s threshold. Knowing what will be reported helps you get your records and tax return right first.
