From 1 January 2024, Payment Service Providers (‘PSPs’) will be required to submit to the new CESOP platform, on a quarterly basis, details of certain cross-border payments processed within the EU.
Affected institutions include:
- Fully licensed banks and other credit institutions;
- Payment institutions (i.e., issuers of credit/debit cards and acquirers of payment transactions);
- Electronic money institutions and;
- Post office giro institutions.
Source PwC
Latest Posts in "European Union"
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC
- EU Court Upholds VAT Exemption for Exported Goods Despite Initial Intra-EU Delivery Intentions
- Consultation on European CBAM rules
- From Accounting Entry to Taxable Event: The Acromet Case and VAT-TP Implications
- DG TAXUD Extends ICS2 Road and Rail Transport Deadline to December 31, 2025
