³ÉÈËÓ°Òô

Digital platform operators ― reporting on platform users

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance

Digital platform operators ― reporting on platform users

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance
imgtext

This guidance note sets out the requirements for digital platform operators to collect, verify and report information to HMRC about the users of their platform on websites and mobile apps.

These rules are the UK equivalent to the EU DAC 7 reporting rules.

From 1 January 2024, certain UK digital platforms are required to collect, verify and report information to HMRC about the sellers of goods and services using their platforms. HMRC will then exchange the information with other participating tax authorities for the jurisdictions where the sellers are tax resident. The platform operator will also provide a copy of the information to the taxpayer to help them comply with their tax obligations.

HMRC has also issued guidance to users of online platforms to check if they need to report their income to HMRC, this is under ‘Check if you need to tell HMRC about your income from online platforms’.

The first reports are due by 31 January 2025 at the latest and platform operators should, in the interim, draft an internal

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 18 Feb 2025 07:00

Popular Articles

Spouse exemption from inheritance tax

Spouse exemption from inheritance taxArguably, the most important inheritance tax exemption is the spouse exemption from inheritance tax.There is no IHT to pay on gifts from husband to wife and vice versa, or from one civil partner to the other (referred to collectively in this note as ‘spouses’).

14 Jul 2020 13:56 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

VAT registration ― artificial separation of business activities (disaggregation)

VAT registration ― artificial separation of business activities (disaggregation)This guidance note should be read in conjunction with the VAT registration ― compulsory guidance note and is relevant to persons established or resident in the UK. Persons that are not established or resident in the UK

14 Jul 2020 13:57 | Produced by Tolley Read more Read more