Digital platform reporting regulations made

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.

DAC7