IEIM901400 | Reporting Platform Operators

For the purposes of the UK rules, a Reporting Platform Operator (RPO) is defined as any Platform Operator (PO), other than an Excluded Platform Operator (EPO), that is resident in the United Kingdom or, where a PO does not have a residence for tax purposes, either:

a) is incorporated under the laws of the United Kingdom; or

b) has its place of management (including effective management) in the United Kingdom.

Where a Platform is operated by a UK partnership, each partner is strictly speaking a separate RPO. However, in practice, the partners can nominate one of the partners to act as a ‘nominated partner’ and act as an RPO on behalf of the other partners in the partnership (see 904400).

POs which are not resident (or incorporated or managed) in the UK but which have UK resident Sellers, or Sellers who rent property in the UK, will not be RPOs for the purposes of the UK reporting rules. They may, however, be RPOs in another jurisdiction that is implementing the reporting rules.

RPOs are required to comply with the various due diligence, record keeping, reporting, notification and other obligations set out in the Model Rules and in the Regulations.