Currently, there is no specific action on your part. If any missing data is needed, we will reach out to you accordingly.
In case you were contacted more than one time to provide the missing required information and still do not make it available, we are legally obliged to suspend your payouts or even block your FREENOW account until you comply with the information provision requirement.
How often must I re-verify my tax information with FREENOW?
Every 3 years. If you fail to re-verify your information, you will be subject to the same penalties as if the required reporting data wasn’t provided.
Important note about VAT
You do not need to report your VAT payments on your FREENOW revenue share. The revenue share you remit to FREENOW already includes Irish VAT, and FREENOW remits directly to Revenue. This new legislation will not have any impact on your FREENOW earnings.
FREENOW can not provide tax advice. We strongly suggest that each driver seek independent tax guidance from a qualified professional to make sure they follow all relevant tax laws and regulations. Tax law application varies significantly depending on individual circumstances.
Should you have any inquiries or require clarification on DAC7 with FREENOW, please don't hesitate to contact us.