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HMRC publishes draft regulations for digital platform operators

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HMRC is consulting on Draft Platform Operators (Due Diligence and Reporting Requirements) Regulations which will implement the OECD model reporting rules for digital platforms in the UK.

The rules will require UK platform operators to collect, verify and report certain details of sellers who work on their platform to HMRC, and to provide a copy of the reported information to sellers. HMRC will exchange the information with other tax authorities and will use it to detect and tackle any non-compliance by sellers.

The draft regulations set out further details of:

  • actions that digital platforms will be required to take to comply with the rules; and
  • penalties for failing to comply with the regulations and the appeals process.

HMRC previously consulted on the reporting rules in 2021.

Issue: 1594
Categories: News
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