Question:
I am a sole trader. operating as an Agency, do I need to submit a DAC7 report?
Answer:
No, for the time being sole traders are exempt.
Sole trader: Do I have to submit a DAC7 report?
Updated on
DAC7
Overview 3
Data Collection 38
- What is DAC7?
- Why do agencies need to collect the data?
- How to set up the data collection for DAC7
- What data needs to be collected?
- Enter your company name to general details
- How to allow owners to add the relevant data in the owner login
- How to email owners to have them add required data
- Owner is reluctant to provide required information
- You must verify that the data is correct
- Changing user permissions to enable users to see DAC7 data
- How to allow users to run the DAC7 data report
- How to track which owner still requires to add data
- Unable to save changes in the Seller validation report
- Why can't I input / see the owner Date of Birth etc.?
- Setting up property types (Agency ONLY)
- How to add a property type to a property (Agency ONLY)
- Which tax / registration number to use
- What to do, if the National Insurance number is not provided
- How to amend seller data when the DAC7 category was reset.
- What, if there is more than one owner?
- What is an additional seller (DAC7)?
- What owners do I have to submit data for in January 2025
- Sole trader: Do I have to submit a DAC7 report?
- Message: Do you want to exit without saving your data?
- Using DAC7 property types with grouped properties
- Adding a legal company name
- How to add multiple sellers
- How can I group my owners so I can email and request data specifically for 2024 owners?
- How do I verify my owners data for DAC7?
- How will financial data be split for multiple sellers?
- Conversion from Listing site to Agency
- How to delete an additional Seller
- Owners and/or properties within or outwith the UK / EU
- What is included in the DAC7 report?
- Money is received by 3rd, not the owner
- Changing the category after submitting a report
- Amending owner statements to reflect external payments made outwith SuperControl
- How to deal with collected Tourism Tax
Data Collection - Real life scenarios & their solutions 11
- What, if there is more than one owner?
- Sole trader: Do I have to submit a DAC7 report?
- How will financial data be split for multiple sellers?
- Conversion from Listing site to Agency
- Reporting owner income with / without collected fees and commission
- Money is received by 3rd, not the owner
- Owner is reluctant to provide required information
- Which tax / registration number to use
- Sole trader: Do I have to submit a DAC7 report?
- How to deal with collected Tourism Tax
- The difference between and Individual and a Business
HMRC XML Report Submission 17
- How to submit your HMRC DAC7 Report
- Register as a Digital Platform
- How to request Extended Due Diligence Relief
- Submitting a report to HMRC ( condensed version)
- Is the natural or the financial year used for the report
- Checklist - Before you download your report
- You must verify that the data is correct
- Downloading the XML report and submitting it to HMRC
- What, if the report submission fails
- How to revert an uploaded report
- Where is the financial information for my owners sourced from?
- Can I edit the downloaded XML before uploaded it to HMRC?
- Whom to contact, when the report upload fails
- Amending owner statements to reflect external payments made outwith SuperControl
- Excluding owners added prior to 2024
- The difference between and Individual and a Business
- DAC7 report is not showing as an option