Value Added Tax Consolidation Act 2010 section 85F

Reporting requirements of payment service providers

Section 85F sets out the circumstances in which payment service providers are required to report their records to the Revenue Commissioners.

• Section 85F applies where Ireland is either the home Member State or a host Member State of a payment service provider (PSP).
• A PSP's home Member State is the country in which it is officially registered or headquartered; a host Member State is any other EU country in which it provides payment services.
• Where section 85F applies, the PSP must report its records to Revenue on a quarterly basis, no later than the end of the month following the calendar quarter to which the information relates.
• Under section 85G, the reporting must be made by electronic means using such form as is specified by Revenue for that purpose.