Reporting rules for digital platforms consultation

The government is consulting on the implementation of the Organisation for Economic Co-operation and Development’s (OECD’s) model reporting rules for digital platforms. From January 2023 these rules will require platforms to report information about the income of sellers providing goods and services to help sellers get their tax right and to enable HMRC to deal with non-compliance.

Broadly the OECD model require platforms to collect details about their sellers including information to identify who the seller is and where they are based and report the information including the seller’s income to the tax authority annually by 31 January. Platforms must also give that information to the sellers so that they can use it to help them complete their tax returns. The tax authorities then exchange information with other tax authorities where the sellers are resident and use the information to...