In this article, you'll learn what the DAC7 Directive is and who it applies to, what information is reported under this Directive, and how it impacts you as a vehicle Owner on Goboony.
Who does the DAC7 Directive apply to? ⌄
The DAC7 Directive, in relation to Goboony, applies to all users who receive compensation from sharing their vehicles as Owners on the platform. This regulation affects all users who share their vehicles in one of the 27 EU Member States.
Does Goboony’s obligation to share data apply to your advert? ⌄
If you have an advert for a vehicle located in one of the 27 EU Member States or if you reside in one of these States, your data will be shared with the relevant country’s tax authority. If you hold a Tax Identification Number (TIN) in a country different from your primary residence, the information may also be shared with the tax authority of that other country.
Is this a one-time request or an annual obligation? ⌄
The reporting of DAC7 data is an annual obligation. Goboony will share data every January regarding income and information from the previous fiscal year.
The DAC7 Directive has been in effect since 1 January 2023, and the first report for the 2023 fiscal year was submitted by January 2024.
What data must be shared with the tax authority? ⌄
Under the DAC7 Directive, Goboony is required to report your tax information to the national tax authority of the relevant state.
For private users, the following data must be reported:
- Full name
- Primary address
- Date of birth
- Amounts earned through Goboony (on a quarterly basis)
- Bank account details
- Account holder’s name (if different from the user)
- Number of days the vehicle was hired out*
For users operating as sole proprietors or companies, the following are required:
- Business name
- Registered office address
- VAT number
- Registration number with the relevant Chamber of Commerce
- Amounts earned through Goboony (on a quarterly basis)
- Bank account details
- Number of days the vehicle was hired out*
*The “number of days” refers to the number of nights the vehicle was hired out.
What is the impact of the DAC7 Directive on you? ⌄
Goboony is obligated to collect and report tax information related to Owners sharing their vehicles in EU Member States.
If the required data is not provided, Goboony may be compelled to withhold payments. Once the necessary information is supplied, payments will be released, and you will be able to continue receiving bookings on the platform.
How can you verify your earnings from the past year? ⌄
By January each year, Goboony will send you a PDF document summarising the compensation you received through the platform on a quarterly basis for the previous year. This document can be used for your tax declarations.
Note for UK Users ⌄
While the United Kingdom is no longer part of the EU, it has implemented similar regulations to DAC7, known as the “Reporting Rules for Digital Platforms”. These rules came into effect on 1 January 2024, with the first reports due by 31 January 2025.
Key similarities include:
- Annual reporting by platform operators.
- Similar data points to DAC7 for both private individuals and businesses.
- Reporting is required for users who earn income from vehicle sharing or hiring out within the UK.
For UK users, Goboony complies with these regulations by reporting relevant data to HM Revenue & Customs (HMRC).
For further details, refer to the official UK government guidance on the Reporting Rules for Digital Platforms.