DAC7 Home Owner FAQ’s 

What is DAC7? 

DAC7 is an EU and UK tax directive that requires digital platforms (like holiday home agencies) to report the income earned by their hosts to tax authorities. 

Why do you need my Tax ID/National Insurance Number? 

Tax authorities use this unique identifier to match the income reported by our platform with your personal or business tax records. We are legally required to collect this to verify your identity. 

Is my data safe? 

Yes. Your information is encrypted and stored in compliance with GDPR. It is only shared with the relevant tax authorities for the purpose of DAC7 compliance. 

What information are we required to report to the HMRC? 

We must report quarterly (split by Jan-Mar, Apr-Jun, etc.) within your annual report the following information to ensure it correlates with your returns: 

• Gross Consideration: The total amount of rent paid by the guest. 

• Fees/Commissions: Any fees, commissions, or taxes you withheld or charged to the owner. 

• Net Amount: The final amount actually paid or credited to the owner. 

• Transaction Count: The total number of separate bookings for that property. 

What happens if I don’t provide the information? 

Under the law, if you don’t provide this data after two reminders, we are required to suspend your payouts or block your listing from our platform until the details are provided. 

Does this mean I will have to pay more tax? 

DAC7 doesn’t change your tax liability; it only changes how that income is reported. If you already report your rental income on your tax returns, this should not change the amount of tax you owe. 

How often do you report this data? 

Reports are submitted once a year, covering the previous calendar year (January 1st to December 31st).