CESOP | ARKK

Does it affect me?

If you are a Payment Service Provider (PSP) registered in any of the EU’s 27 member states, then you are likely to be affected. PSPs are Credit Institutions, Electronic Money Institutions, Post office giro institutions and Payment Institutions.

What do I need to do?

Under CESOP, PSPs are required to report the details of cross boarder transactions that they process. If you handle more than 25 cross-border payments for the same payee within a calendar quarter, the payer or payee (depending on the scenario) will be required to report information on these transactions to the local tax authority.

What's the deadline?

CESOP data is reported on a quarterly basis, you are required to file within a month of the calendar quarter end, in up to 27 jurisdictions across Europe. In many instances this results in the processing and reporting of large data volumes to many regulators often proving to be a data challenge, the ARKK Platform can lighten the load with automated data flows, rules and analysis to streamline your process.

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Maintain compliance

Automated and up-to-date report generation ensuring compliance with each of the 27 EU member states' tax authority’s requirements.

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Hassle-free implementation

There’s no limit on how many users can access the ARKK platform and no software to install. Everything runs securely on the cloud.

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Increase efficiency

The Platform is source agnostic, using an advanced engine to import, aggregate and transform raw data to collate the data points required for CESOP.

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Automated validations

Automated validations are inbuilt in our software to ensure that the reports produced can be submitted to regulators without errors.

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Scale with your business

Our scalable solution adapts as your business grows, with the ability to process huge volumes of data efficiently to enable timely CESOP reporting.

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Fully managed service

We offer the registration, deregistration and reporting for all 27 EU member states, the production of your CESOP XML reporting files and filing of quarterly submissions.

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

Kreeson Thatiha, Head of Finance and Client Money, eToro

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

Darryl Alford, Finance Manager, DPD

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

Simply outstanding service and a real pleasure to work with.

Chris Parsons, Production Director, Radley Yeldar

ARKK are extremely responsive and supportive partners.

Janette Moriarty, Group Financial Reporting Director, 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

The speed and accuracy of implementation was incredible.

Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation

Glide through
CESOP

What is it?

CESOP: What you need to know

Our solution

How ARKK helps you glide through CESOP

ARKK supports
jurisdictions across
the globe, including: