DAC7 getting started - data collecting within the Anytime Admin area

The DAC7 Category dropdown defaults to ‘Not Set’, and it is therefore crucial to update it to the correct category. Please update this for ALL owners (for those of you allowing the Owner to update their details in the Owner Portal, you will still need to set the Category for them here). Please follow the Owner Portal guide for steps on their completion).

Complete Individual owner information:

Ensure the owner’s name matches the ‘seller’, which refers to the individual receiving payments. This is essential for compliance and accurate reporting.

Complete all the fields below for individuals, ensuring that personal details align with the records of the payment recipient.

Complete business owner information:

If the owner is categorised as a Business, different steps and details are required depending on the business type.

1. Add the correct tax/business identifiers

• Ensure the Business Name field, located above the Owner’s First Name, reflects the Company Registered Name in Companies House. This name will be used in the DAC7 report for accurate identification.

2. Additional Details by Business Type

• UK Companies:
  Provide the Company Registration Number issued by Companies House.

• UK Partnerships:
  Enter the Unique Taxpayer Reference (UTR) assigned by HMRC.

3. Check the owner's address

If the address currently stored for the owner is a personal home address you can now specify a business address:

• Untick the checkbox indicating the stored address as personal.
• Update the field to reflect the correct business address for DAC7 reporting purposes.

Not Required for DAC7:
If you are not required to report on this owner under DAC7, please select this in the Category dropdown. This will help you to monitor which owners you are and are not required to report on.

Check the information before generating your report

• Verify all fields are completed accurately for the selected category.

• Ensure alignment of names and addresses with official records.

• Double-check specific requirements for UK companies and partnerships to avoid errors in reporting.

This helps ensure the information included in your DAC7 report is complete and accurate.

Owner data Security 

We store our data in a secure relational database environment which is sitting behind firewalls (cloudflare) and has authentication to ensure that only the users that are meant to access the data can access it. Whether this be from within our application (BMS) or any API access via third parties. Access is reviewed regularly to ensure that staff who leave or third parties who are issued keys who no longer require access are revoked as part of standard policies.

Related articles 

Platform Operator Reporting to HMRC: what you need to know 

Platform Operator Reporting to HMRC: DAC7 reporting from within the Owner Portal