CESOP and other financial reporting
Tax Desk CESOP service
The Central Electronic System of Payment information (CESOP) is an EU-wide, mandatory reporting framework for Payment Service Providers (PSPs) that came into effect on 1 January 2024, designed to combat VAT fraud in cross-border ecommerce. Our fully managed solution is for banks and payment service providers required to report their cross-border payments under this framework.
Complete CESOP Reporting & Submission
Tax Desk supports CESOP compliance in every EU country managing registration, formatting data according to each Member State’s technical specifications, generating the required quarterly reports and submitting to the relevant tax authorities.
Tailored service. Scalable solution.
We work with banks and other regulated payment service providers to ensure they remain compliant with CESOP reporting obligations. Our platform enables businesses of all sizes to effectively manage their reporting obligations across all 27 EU member states via a single secure online portal. We ensure accurate reporting and provide real time submission statuses as well as helping with report corrections if required.
Tax Desk already supports some of the world’s largest financial institutions, providing them with a reliable and scalable solution.
Full EU coverage
Our CESOP solution covers all EU Member States, enabling payment service providers to meet reporting requirements across the entire European regulatory landscape through a single managed service. Each country has different registration requirements and submissions processes which can become difficult to manage. Our solution streamlines and centralises everything, saving clients time and minimizing the risk of errors and penalties.
Une tarification transparente
CESOP Registration
from
€495 / country
One-off fee
- Initial CESOP registration
- Country-specific setup
- Validation of reporting scope
CESOP Report Generation
from
€125 / report
Quarterly
- Data formatting per Member State
- Quarterly report preparation
- Technical specification compliance
CESOP Report Submission
from
€225 / submission
Quarterly
- Secure report submission
- Regulatory confirmation checks
- On-time filing assurance
L'inscription est facile.
If you need support with CESOP compliance, then connect with our specialist team to understand how your reports will be generated and submissions handled.
Plus de 60 pays dans le monde lui font confiance
You may be also interested in additional Spanish and Italian reporting for banks and PSPs.
“Yes, I would recommend Tax Desk, always on the ball, proactive and solution-focused.” –MultiSafepay
“We can recommend Tax Desk as a trusted provider of compliance services, especially in special reporting for financial institutions within the EU. Their expertise, fast adaptability and EU-wide coverage is unique. In particular, their all-around CESOP reporting solution is where they stand out.” –Aircash
“I would certainly recommend Tax Desk as a CESOP compliance service provider. The guidance provided has been both practical and reliable, ensuring that our reporting obligations are met accurately and on time. This level of professionalism and support gives us great confidence in your services.” –Revsto
CESOP FAQs
What is CESOP, and who is legally required to comply with it?
CESOP is a mandatory EU-wide reporting framework that came into effect on 1 January 2024, designed to combat VAT fraud in cross-border e-commerce. It is legally required for Payment Service Providers (PSPs), including banks and regulated payment institutions, to report their cross-border payment data to tax authorities.
Why is this important now, and what are the risks of ignoring it?
As a live regulatory requirement, failure to report puts financial institutions at risk of significant financial penalties and reputational damage. Each EU country has different registration and submission processes, making it difficult to maintain accuracy across multiple jurisdictions without a centralised system.
What are my options for managing this?
Businesses can attempt to build custom in-house reporting tools for every Member State or hire local experts in each country. Tax Desk offers a fully managed service that centralises registration, data formatting and submission through a single secure online portal.
What are the most common challenges businesses face when trying to handle this?
The challenge is the differing technical specifications and registration requirements for each Member State. Local tax offices usually require all documentation, forms, and technical communications to be submitted in their local language, which can be a significant barrier for internal compliance teams.
Does this replace my existing Italian or Spanish reporting?
No, CESOP is a separate EU-wide mandate. However, for banks and PSPs operating in Italy or Spain, Tax Desk’s solution is designed to integrate seamlessly with additional requirements like the Italian SID reports (Anagrafe, CREDIPOS, SEGNAPOS) or Spanish Models 170 and 196.
How does Tax Desk combine technology with a personal service approach?
We have a “People and Technology” model. Our leading-edge portal automates the formatting and generation of quarterly reports, while our team of experts, many with Big-Four experience, provide deep technical expertise and professional oversight.
Can Tax Desk support high-volume, international financial institutions?
Yes, we already supports some of the world’s largest financial institutions, providing a reliable scalable solution for high-frequency transaction reporting.
What makes Tax Desk’s CESOP solution better than local agents?
Instead of managing 27 different local providers, Tax Desk provides a single point of contact for full EU coverage. This centralises your entire European regulatory landscape into one managed service, minimising the risk of errors and penalties.
What is the step-by-step process to get started with Tax Desk?
To register for our CESOP service just contact us at info@taxdesk.com. Once you have selected the CESOP service and completed the client questionnaire, you are assigned a dedicated account manager who will lead your onboarding and coordinate technical testing.
What documents and credentials will my team need to prepare?
Requirements vary by jurisdiction. You will need standard company incorporation documents, but some countries may require specific technical credentials or notarised forms in the local language. Your account manager will provide a clear checklist for each Member State to guide you through the registration process.
How long does it typically take until my account is fully active and compliant?
CESOP registration depends on the specific requirements of the jurisdiction where you are reporting. The setup process typically takes between 2 to 3 weeks and 3 to 4 months, depending on the complexity of the case and the speed of the local tax authorities. We work to expedite your setup but cannot guarantee a specific timeline due to external factors involving government system approvals.
What tasks will my team need to perform every quarter once we are live?
On a quarterly basis, your team simply needs to provide your transaction data using our standardised data template. Our system then handles the technical data formatting according to each Member State’s specifications, generates the required reports, and submits them to the relevant authorities.
How are reports submitted, and how do I track their status?
Tax Desk handles the secure submission of all quarterly reports to the relevant tax authorities. You can view real-time submission statuses and access all filed reports directly through the Tax Desk portal.
What happens if a report needs to be corrected?
Our team of CESOP experts provide support for report corrections. We also perform regulatory confirmation checks and provide on-time filing assurance to ensure your business remains continuously compliant.
If we face a regulatory audit, how does Tax Desk support us?
As your compliance partner, we provide full audit support. The experience and knowledge of our team of experts resolve complex compliance issues and enquiries professionally for financial institutions.