- Digital platforms connecting buyers and sellers of goods/services in the UK must register with HMRC, even if no sellers require reporting.
- Platforms must track or be able to calculate payments made to sellers, including those processed by third parties.
- Registration is required if the platform is UK-based, managed in the UK, or incorporated under UK law.
- Sellers must be reported if they are UK residents or manage UK rental properties, unless exempt.
- Sellers are exempt from reporting if they earn less than £1,700 from fewer than 30 sales per year.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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