View all the services available for students of the Institute
Study with us
View member services
Services to support your business
The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 were published in July 2023. This Statutory Instrument brings into effect the OECD Model Reporting Rules for Digital Platforms which will require UK digital platform operators to report details of their sellers to HMRC from 1 January 2024.
The regulations set out, either directly or by reference to the requirements in the published OECD rules, the information which platforms will need to collect and verify, the actions they will be required to take and penalties for failing to comply with the requirements.
In advance of commencement, HMRC is expected to publish detailed guidance in its International Exchange of Information Manual.
LOADING...