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Tax automation platform

Regulatory reporting portal

CESOP desktop

Glide through
CESOP

Fly past CESOP's data challenges with
the ARKK Automation Platform.

Read More

Let our close relationships with regulators lighten your compliance load. Our cloud-based automation platform makes sure you're always compliant by instantly implementing regulatory changes behind the scenes. So there's no need for you to worry about system updates or software downloads.

What is it?

CESOP: What you need to know

The Central Electronic System of Payment information (aka CESOP) is an EU initiative that aims to improve the collection and sharing of payment data to combat VAT fraud more effectively.

What is CESOP?

Does it affect me?

If your are a Payment Service Provider (PSP) registered in any of the EU's 27 member states the you are likely to be affected. Many banks, credit institutions, and other financial institutions that facilitate payment transactions are in scope. Under CESOP, PSPs are required to report the details of cross-border payments they process.

What do I need to do?

Make sure your firm understands its obligations and collates all the data and information required. If you handle more than 25 cross-border payments for the same payee within a calendar quarter, you must ensure this information is reported.

What's the deadline?

If your business is affected, then hopefully you're already submitting your CESOP reports. The new requirements took effect in 2024, with the first filing deadline being April 30th to report qualifying transactions in the first quarter. You are required to file quarterly within a month of the calendar quarter closing.

 

Our solution

How ARKK helps you glide through CESOP 

Source agnostic icon

Source agnostic

Our platform accepts data from any source and in any format. No need to reformat your data; we handle the transformation.

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Data aggregation

Our platform uses an advanced engine to aggregate and transform your raw data ready for reporting.

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Comprehensive reporting

Generate detailed reports tailored to your business needs.

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Compliance

Upload your data and we'll do the rest, from identifying qualifying transactions through to ensuring all data points are present and correct.

Want more? No problem, our tool is built for easy customisation. So not only can you take care of CESOP- you can use the tool for so much more!

How it works

Replace tedious, repetitive tasks with intelligent AI technology.

A flow diagram showing how the ARKK Automation Platform solves the CESOP data challenge

Why choose ARKK?

Simple, compliant, error-free reporting

At ARKK, we believe that agile digital tech, plus traditional human expertise, is the perfect combination to ease our customers' compliance burdens. With our scale, experience and can-do attitude in your corner, your business can take the hassle out of intricate and complex regulatory reporting.

Streamline CESOP with ARKK

Fully managed service

ARKK have got you covered... we can ensure full registration in every one of the 27 EU member states, full automation and production of your CESOP XML, compliant wrapping of the data adhering to all the individual jurisdictional requirements, and finally the submission.

Cover all the use cases

Get the essential reporting solutions at your fingertips, including CRD IV, IFR/IFD, Bank of England, AIFMD, Form PF, Solvency II, CbCR and CBI.

Maintain compliance

Keep up with the latest regulatory and reporting guidelines with built-in audit trails and version controls.

Automate validation

The regulators' own consistency checks are embedded in the Platform, keeping your reporting process smooth.

Yay- hassle-free implementation

There's no limit on how many users can access your ARKK platform (if you want them to) and no software to install- everything runs securely in the cloud.

Award-winning support

Our acclaimed customer success team is here to help you fix any submission or validation errors. Additional hours and short SLAs are guaranteed around reporting deadlines.

Keep up to date

Our customer success team's got your back: managing your account and users, and delivering taxonomy update information to ensure you're always ready for the next reporting phase.

Get the ARKK advantage

Discover why our fresh approach to tax and finance is trusted by over 70% of the FTSE 100.

Learn more about ARKK

Don't just take our word for it...

The information that came back from ARKK was so clear and transparent.

Kreeson Thatiha, Head of Finance and Client Money, eToro

eToro

I was continually reassured of ARKK's technology and their commitment to customer service.

Darryl Alford, Finance Manager, DPD

DPD logo

ARKK were prepared to be more flexible with how we worked and how we were set up.

Alistair McClelland, Head of Tax, The University of Edinburgh

UOE blue

Simply outstanding service and a real pleasure to work with.

Chris Parsons, Production Director, Radley Yeldar

RY

ARKK are extremely responsive and supportive partners.

Janette Moriarty, Group Financial Reporting Director, Kerry Group

Kerry Group

ARKK are invaluable to us… I wouldn't consider another project without them.

Valentin Ramousse, Head of International Business Development & Partner, Emperor Works

Emperor

The speed and accuracy of implementation was incredible.

Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation

UA

The numbers behind CESOP automation

52m+ transactions processed per quarter on the platform
27 all EU member states supported
>1% margin of error

Fancy a chat?

Let’s get a date in the diary to talk about freshening up your tax and compliance reporting.

Fill out the form opposite and we'll get right back to you.