DAC7 requires all platforms, such as Uplisting, AirBnB, VRBO, etc., which allow hosts and property managers to be connected to potential guests to collect and report data of suppliers who earn income through it from specific activities. For Uplisting customers, this includes Direct Booking and Google Vacation Rental.
This information may be used by the tax authorities to assess income tax, value-added tax (VAT), or other taxes to increase tax compliance and prevent the risk of tax fraud.
Uplisting, all other platforms, will report data for customers that:
- Are a resident of an EU Member State; or
- Have properties in the EU, regardless of your country of residence.
All 27 EU countries are in the scope of DAC-7 regulations. None of the EU countries are exempt.
DAC7 applies to a Platform User (in this case an Uplisting Customer) who receives income from renting accommodation where either the user is a resident of an EU Member State or the income is received from a property listing in the EU.
The current threshold for reporting is €2000 (or equivalent value) of booking revenue or 30 separate transactions/bookings.
You must provide the required information for your listings to comply with the DAC-7 regulation. If you are a European Union (EU) resident, provide the data for all your listed properties. If you are not an EU resident, provide this data only for properties based in the EU.
Ensure the information is always correct and updated. If you don’t provide the requested information, you are at risk of having payments withheld and your listing taken down.
The DAC7 requires Uplisting, all other platforms, to disclose your taxpayer details to the tax authority elected for this purpose, which for us is the Irish Revenue.
The Irish Revenue will then share the information you provided with the authorities in your Member State.
The DAC7 Legislation
In accordance with the legislation, Uplisting may be required to withold payment to customers who don't provide the relevant information as requested (and listed below).
If the information, after 7 days, is not provided then we are required to remove the listings from the platform and block the listing's calendar.
The following information is shared for individuals and legal entities:
- The primary or Registered address of the Supplier (that's you or your account's owner).
- All TINs (Tax Identification Numbers) issued by any EU country.
- VAT ID for those required to be VAT registered.
- Bank Account Details, if available, and Stripe Details if not.
- Name on the Stripe account.
- The Member State where you are resident.
- Total amount earned through Uplisting Direct Bookings each quarter and the number of bookings related to each property.
- Number of days each property was rented during the Reportable Period (for uplisting users, this is the number of nights rented)
- Any fees, commissions, or taxes withheld or charged by Uplisting during each quarter of the Reportable Period.
- The address of each property.
- Property/land registration number per property, if available.
In addition, we will also share this information:
- First and last name
- The EU country of issuance, or place of birth
- Date of birth (if available)
- Legal name
- The EU country of issuance
- Business registration number
- If you carry out the activities through a permanent establishment, the EU country in which that permanent establishment is located.
Uplisting will share this data with the tax authorities at the end of January of each year for data from the previous year.
- For new customers using Uplisting as of January 1st, 2023, or for existing customers who have reached the threshold, the first data sharing will occur by January 31st, 2024.
- For customers using Uplisting before January 1st, 2023, the first data sharing will occur by January 31st, 2025.
If you fail to provide some or all of the information, Uplisting will still share any relevant data that we have, as required by DAC-7.
For any inactive properties, we'll share information if you rent your property on Uplisting's Direct Booking during the reportable period (previous year).
We are only reporting on Direct Bookings and Google Vacation Rental bookings. We are aware that Expedia Group (Expedia, VRBO, Homeaway), AirBnB and Booking.com are reporting separately to their nominated Member States.
If you're connected via iCal to another OTA, then please reach out to their support team to check their individual DAC7 compliance information.
Other Channel managers and Property Management Software will also need to comply with DAC7.
As the account owner, you will need to go to the Billing Section to update your address and Tax numbers.
From each listing, you will also be able to add the Listing's address under the Listing (from your Calendar), Details Tab, then "Address".
Property Registration Numbers can be found under the Listing (from your Calendar), Details Tab, then click "Additional Details". Scroll down and you'll see a freeform text box where this can entered called "Property registration number"
Uplisting will retain your data for as long as it may be necessary to fulfill the purposes of complying with DAC7 and any other applicable laws.
In accordance with data protection laws, including the EU General Data Protection Regulation (“GDPR”), you have the following rights regarding your data processed in the context of DAC7:
- Access, amend, delete, or update the accuracy of your data at any time by logging into your account.
- Request a copy of your data or deletion of your account by contacting our customer support team.
The deletion of your account does not necessarily mean that we will delete all of your data as we likely will still be required to retain it for other legal purposes and share it with the Tax Authorities in accordance with DAC-7.
For example, DAC7 legislation stipulates that we must hold valid information for Reportable Entities for 5 Years.
As part of DAC7, Uplisting is required to ensure that the information you have provided is valid and, in some cases, check it against a valid database for accuracy.
Whilst we will endeavour to ensure this process is as smooth as possible, we realise it may be inconvenient and want to thank you in advance for your understanding and cooperation.
Updated 3 months ago