(1) Part 38 of the Principal Act is amended by the insertion of the following section after section 891H:

"891I. Implementation of Article 1(8) of Council Directive (EU) 2021/514 of 22 March 2021 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to platform operators

(1) This section provides for the collection and reporting of certain information by reportable platform operators in respect of relevant activities undertaken by reportable sellers on their platforms.

(2) In this section -

'business registration number' means a unique business identification number issued by a Member State, or a functional equivalent in the absence of a business identification number;

'consideration', 'entity', 'excluded platform operator', 'financial account identifier', 'goods', 'platform', 'platform operator', 'primary address', 'property listing', 'qualified non-union platform operator',

'relevant activity', 'reportable period', 'reportable seller', 'reporting platform operator', 'seller', 'TIN', and 'VAT identification number' have the meanings respectively given to them by Section I of Annex V to the Directive;