The UK will introduce rules requiring digital platforms to report sales data from 1 January 2024. Platforms must collect data from that date. The first reports will be due at the end of January 2025.
HMRC says the extended deadline will give platforms time to prepare for the new rules. Authorities say they will engage with platforms before the regulations are implemented “to make sure they are implemented proportionately and effectively.”
In terms of the rules, digital platforms must report sales made by sellers using their platform. The UK rules are similar to legislation being introduced by EU lawmakers.
Source VATit
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