- OECD Model Reporting Rules require digital platforms to report information on income realised by sellers through their platform.
- Covers: i) rental of immoveable property ii) personal services iii) sale of goods iv) rental of transport ((iii) and (iv) optional under OECD model rules).
- Final UK regulations were published in July 2023.
- Timing: UK rules apply from 1 January 2024, with the first reporting of data in January 2025. EU rules apply from 1 January 2023 (DAC 7).
Resources (click to open)
- The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 (UK Statutory Instrument, July 2023)
- Draft regulations: The Platform Operators (Due Diligence and Reporting Requirements) Regulations (HMRC consultation, October 2022)
- OECD amends model digital platform reporting rules to offer option for extended scope (Deloitte tax@hand, June 2021)
- EU directive introducing new reporting requirement for digital platforms adopted (Deloitte tax@hand, March 2021)
