Important: To comply with the new EU legislation (DAC-7), you must update your tax information on Treatwell before 14th December. Non-compliance may affect your Treatwell payments.
Let's delve into DAC7 – the latest EU regulations shaping tax transparency for digital platforms, including Treatwell. 🌐 This guide will walk you through the essential details to ensure your compliance.
DAC7 refers to new EU regulations for tax transparency for digital platforms like Treatwell. It mandates the annual collection, validation, and reporting of specific partner information to the tax authorities of EU member states.
What to do:
To comply with DAC7, Treatwell partners (new and existing salons, hairdressers, and beauty specialists) need to fill out a form and accurately report specific partner information before the specified deadline.
Why DAC7?
The main goal is to improve transparency in transactions on digital platforms and promote better tax collaboration between EU member states.
Who's affected?
All Treatwell partners are required to meet these criteria. Treatwell has systematically organized venues into groups, and the distribution of reminders and forms will be conducted in batches to ensure an organized process.
The first group includes all SZ venues that became bookable on Treatwell in 2023, regardless of their current bookable status. If your venue falls into this category, you should have received a notice and form from Treatwell before the new year.
The second group encompasses all other venues. If you are part of this batch, note that Treatwell will distribute notices and forms in batches.
There's no need for concern if you haven't received them yet; this systematic approach ensures a smooth and organized process.
For more details on the application of DAC-7, visit this Treatwell page.