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HMRC announces new reporting regulations for digital platform operators (DAC7)

On 20 July 2023, the United Kingdom’s HMRC issued a policy paper outlining a comprehensive plan to establish reporting regulations for digital platform operators operating in the United Kingdom (UK). This initiative, which aligns with the OECD Model Rules (DAC7) for reporting by digital platform operators, was implemented as part of the 2023 Finance Act, enacted on 11 July 2023.

Source: regfollower.com

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