As announced at Budget 2021, the government is consulting on the implementation of the Organisation for Economic Co-operation and Development (OECD) Model Reporting Rules for Digital Platforms, which require digital platforms to report details of the income of sellers on their platform to the tax authority and also to the sellers.
Scope of this consultation
The government is implementing the OECD model rules. Following consultation, these rules have already been agreed internationally to ensure consistent requirements for platforms across different jurisdictions, but they have optional elements and do not always describe in detail how jurisdictions should implement them in practice. This consultation sets out the details of the rules, and invites views on the optional elements and the UK’s proposed implementation of the rules. The consultation also welcomes comments on the impacts arising from implementation, on how the information to be reported could be used to help taxpayers get their tax right, as well as any practical issues.
The consultation will run from 30 July 2021 to 22 October 2021.
Source gov.uk
