UK HMRC has launched a public consultation on reporting rules for digital platforms based on the OECD model reporting rules. The Deadline for comment is 22 October 2021.
Following the announcement at Spring Budget 2021, 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 detect and tackle non-compliance.
The consultation sets out the details of the rules and seeks views on the government's implementation, including on optional elements of the rules. The government welcomes input from a wide range of stakeholders to ensure the rules are implemented proportionately and effectively.