- HMRC has published factsheet CC/FS98 explaining penalties that can be charged to UK digital platform operators for failing to meet reporting obligations.
- The penalties apply under the Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023, as amended.
- UK-based platform operators may be required to register with HMRC.
- Registered operators must report seller information to HMRC and provide the same information to the sellers.
Source: claritaxnews.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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