Automate your EU VAT compliance with our Excel-based CESOP solution
From January 2024, all EU-based Payment Service Providers (PSPs) must comply with the Central Electronic System of Payment information (CESOP) reporting obligations. Managing quarterly submissions, mapping complex payment data, and ensuring compliance with EU rules can be overwhelming.
Our Excel CESOP Reporting Template with Smart Mapping takes the complexity out of compliance—helping PSPs transform raw transaction data into CESOP XML ready files with minimal effort.
Why CESOP Reporting Matters
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Mandatory for PSPs: Banks, e-money institutions, payment institutions, and post-office giro institutions.
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Quarterly reporting: All PSPs must report cross-border payments where a payee receives more than 25 payments per quarter.
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Fight VAT fraud: CESOP enables EU tax authorities to identify cross-border sellers and tackle e-commerce VAT fraud.
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High risk of penalties: Incorrect or late submissions can result in fines and compliance audits.
Key Features of Our CESOP Excel Solution
✅ Pre-built Excel Template – standardized fields aligned with EU CESOP data model.
✅ Smart Mapping Engine – automatically maps internal transaction fields (IBAN, BIC, VAT/TIN, payee details, currency codes) into the CESOP format.
✅ Validation Checks – ensures your data passes XSD schema and business rule checks before submission.
✅ Threshold Monitoring – auto-detects payees exceeding 25 cross-border payments.
Frequently Asked Questions
What is CESOP and why do I need to report?
CESOP is the EU’s centralized payment data system to combat VAT fraud. PSPs must report cross-border payments exceeding thresholds each quarter.
Who needs to report?
Credit institutions, e-money institutions, payment institutions, and giro institutions providing payment services in the EU.
What data is required?
Payee identifiers (IBAN, BIC, VAT/TIN), number and value of cross-border payments, country codes, payment method, and other transaction details.
How often do I need to submit?
Quarterly, within strict deadlines.