On 23 October 2023, the Irish Revenue issued eBrief No. 231/23, which provides updated guidance for platform operators for the exchange of information on income generated through digital platforms (DAC7). The provisions relating to the reporting obligations placed on platform operators by DAC7 apply from 1 January 2023. This Tax and Duty Manual provides general guidance on the operation of those reporting obligations in Ireland.
A reporting platform operator must file a return with Revenue by 31 January each year. The return filed on 31 January relates to the previous calendar year. This section sets out the information that a reporting platform operator is required to include in their return.
The Tax and Duty Manual Part 38-03-31 has the following key updates:
- confirmation of the average annual foreign exchange conversion rate to be used;
- insertion of an example of a business model indirectly connecting sellers and users on their platform;
- confirmation that the registration portal for platform operators will open on 1 November 2023;
- updates to the obligations on platform operators in relation to elections in Ireland, de-registrations in Ireland and de-registrations in other Member States;
- clarifications with respect to a platform operators data protection obligations; and
- insertion of Appendix III which contains a schedule of material changes to the guidance.
