Monitoring and REMIT

FEES AND SETTLEMENT

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Fees
Settlement of Payments
Accouting & Taxation

FEES

The following fees are applicable from 1 October 2024 to 31 December 2024.

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FEES DUE TO ACER PURSUANT TO ARTICLE 32 OF REGULATION (EU) 2019/942

PDR participants pay to GME a variable fee, which is determined in accordance with Decision (EU) 2020/2152 of the European Commission of 17 December 2020 and which depends on the number of records transmitted to ACER in the previous year. This fee is calculated on the basis of two different data clusters:

• data cluster 1, which includes all the operations referred to in article 3, para. 1 a) of Commission Implementing Regulation (EU) No 1348/2014 that each market participant has carried out by relying on a specific Organised Marketplace (OMP), and all the operations referred to in article 3, para. 1 b) of Commission Implementing Regulation (EU) No 1348/2014 relating to each Participant;
• data cluster 2, which includes all the operations referred to in article 3, para. 1 a) that each participant has carried without relying on an OMP.

The amount of the records-based fee – determined for each year on the basis of the records transmitted to ACER in the previous year – is up- or down-adjusted by amount equal to the difference between the latter and the records-based fee, as determined on the basis of the records actually transmitted to ACER in each year.
The amount to be paid for this variable fee is calculated according to the ranges shown in the following tables:

The records-based fee is calculated for each PDR participant on the basis of the criteria identified by the European Commission as indicated above, and charged to the same participant together with the amount of VAT, where chargeable.

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SETTLEMENT OF PAYMENTS

The payment of the fees is made by participants to GME through SEPA Credit Transfer with Priority or equivalent procedures within the last working day of the month of issue of the invoice and with payee value date on the same day.

The payment of the fees must be made to the following bank account of GME:

Banca Popolare di Sondrio
IBAN IT58 E056 9603 2110 0000 7210 X36
SWIFT CODE POSOIT22

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ACCOUNTING & TAXATION

INVOICING

GME issues an invoice to each participant for the yearly fixed OMPR PDR fee and for the records-based fee, by the tenth working day following the end of the quarter including the effective date of the PDR contract, and subsequently every twelve months.

The exchange of invoices between GME and participants takes place on the "SetService" digital platform. Invoices will be transmitted by GME to participants through Sistema di Interscambio (SDI), if  the legislation in force from time to time on electronic invoicing and its implementing provisions so require.

TAXATION

The fees invoiced by GME for PDR services are qualified as general services and their VAT chargeability depends on the place where the customer has established his/her/its business.

Therefore, GME shall issue an invoice with VAT at the standard rate, if the customer has established his/her/its business in Italy. If the customer declares a status of "esportatore abituale" (exporter on a permanent basis) by submitting a Statement (the so-called "dichiarazione d’intento"), GME shall issue an invoice without VAT.
GME, on the other hand, issues an invoice without VAT when the customer is a taxable EU Participant in its own Country. In this case, it is the Participant that applies the reverse charge.

In case of a non-EU Participant, GME issues an invoice without VAT.

Participants, based in Italy subject to the VAT payment system called "split payment", are required to submit to GME a specific self-certification certifying its status pursuant to Article 47 of the Decree of the President of the Italian Republic n.445 of 28/12/00.

An example of a declaration for the status of Participant subject to split payment can be found here.

The list and description of codes used by GME for invoicing fees are available here.

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