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Assistance regarding EU directive: DAC7 report for Booking Experts rental organisations

Assistance regarding EU directive: DAC7 report for Booking Experts rental organisations

Amber
24 October 2024
2 min read

Future-oriented and compliant: Booking Experts keeps an eye on the development of international legislation and supports its clients with a new reporting feature.

 

European directive and tax authorities

The EU directive DAC7 (Directive on administrative cooperation, seventh amendment) obliges digital platforms to disclose information about their users to the tax authority. With this, the European tax authorities aim to ensure that income through digital platforms is properly taxed, even if the users reside in other EU member states. Holiday parks that offer accommodations owned by third parties for rent on their website are also a digital platform according to this directive, and are therefore required to report rental data to the tax authorities.

Humongous mountain of data

This required rental information includes the personal data of the owner of the accommodation, data concerning the accommodation itself, and data regarding the rented periods and related earnings. This is a humongous amount of data, especially for holiday parks working with many private owners. That’s why Booking Experts has developed a functionality to enable our clients to retrieve the necessary data from the reservation system, in a clear report. 

Compliance in a few clicks

With a DAC7 report generated from Booking Experts, supplying the required information to the relevant tax authorities takes just a few minutes. The data is filtered and organised, in a format that is suitable for yearly reporting to the tax authority. Of course, manual adjustment will remain possible when needed, before the report is finalised.

A good preparation is half the battle

Our new reporting feature can of course only collect data that is already present in the Booking Experts reservation system. Reason enough for any holiday park subject to this reporting obligation to take some time to supplement and check the necessary data, before the first deadline of 31 January 2025.

More information about the administrative data that needs to be processed in the DAC7 report can be found in our knowledge base, or through your national tax authority. The DAC7 report feature in the BEX PMS will be available for use in December 2024.

 

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