S.L. 406.22 Art. 7Submission of information.

(1) Where the requirement for payment service providers laid down in regulation 3 is applicable in accordance with regulation 5, the information that shall be kept in accordance with regulation 6 shall be submitted for every calendar quarter by means of an electronic standard form to the Commissioner through the designated web portal mentioned in regulation 4(2), or through other means as may be approved by the Commissioner.

(2) The electronic standard form referred to in sub-regulation

(1) of this regulation shall be a form in a standardised XML format in accordance with the data table in the Annex to Commission Implementing Regulation (EU) 2022/1504 of 6 April 2022 laying down detailed rules for the application of Council Regulation (EU) No 904/ 2010 as regards the creation of a central electronic system of payment information (CESOP) to combat VAT fraud.

(3) The information required to be submitted in accordance with sub-regulation (1) shall be submitted by no later than the 28th day of the month following the calendar quarter to which the information relates.

(4) Upon submission, the Commissioner may notify the payment service provider that the information submitted is valid for the purpose of onward submission to the CESOP, or otherwise:

Provided that where the payment service provider is notified before the deadline stipulated in sub-regulation (3), that the information submitted is not valid, the payment service provider shall take the necessary action to ensure that the information is resubmitted correctly in its entirety and in accordance with these regulations by the deadline stipulated in sub-regulation (3). Upon submission, the procedure laid down in this sub-regulation shall apply.

(5) Notwithstanding any verification by the Commissioner in accordance with sub-regulation (4), the Commissioner may also notify the payment service provider to make any corrections as may be necessary to the information submitted in accordance with these regulations. Any such corrections shall be submitted within fifteen

(15) days from the deadline stipulated in sub-regulation (3) or the date of a notification in terms of this sub-regulation, whichever is the later.

(6) For the purpose of this regulation, the Commissioner may determine whether a resubmission with corrections of the entire information submitted is required or whether it is only the information subject to corrections which is required to be submitted.

(7) Where a payment service provider registered in accordance with regulation 4 has no information required to be reported for a calendar quarter in accordance with the other provisions of this regulation, it shall be required to notify the Commissioner through the submission of information to this effect through the web portal mentioned in sub-regulation (2) of regulation 4, or through any other means as may be approved by the Commissioner.

(8) The Commissioner reserves the right to store the information collected in accordance with these regulations.