- HM Treasury has introduced regulations (SI 2023/817) that implement the OECD’s model reporting rules for digital platforms in the UK.
- From 1 January 2024, in-scope UK digital platforms must collect and report to HM Revenue & Customs annually on the income of sellers using their platforms for personal services, tangible goods, and immovable property or transport.
- The first reporting of data is due in January 2025. Similar rules are being implemented by EU member states under DAC 7, which will require UK-based platforms within the scope of EU rules to consider their reporting obligations for 2023.
Source Deloitte
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