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Reporting requirements for online platform operators

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The Platform Operators (Due Diligence and Reporting Requirements) Regulations, SI 2023/817, implement the OECD’s Model reporting rules for digital platforms (MRDP), obliging UK digital platform operators to report sellers’ details to HMRC. They outline the data collection, verification and reporting requirements together with penalties for non-compliance. HMRC will also share information with other tax authorities.

The regulations come into force on 1 January 2024 and first apply for the calendar year 2024, with the first reports due by 31 January 2025. HMRC has also published a Tax information and impact note summarising the new rules.

Issue: 1630
Categories: News
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