IEIM904440 | Assumed Reporting: Example 1

Consider a platform ABC. It is operated by two (2) Platform Operators which are resident as follows:

• PO1 is UK resident

• PO2 is UK resident

Both PO1 and PO2 hold the same data in respect of reportable sellers.

PO1 and PO2 have an obligation to report information to HMRC. However, as PO1 and PO2 both hold the same data in respect of reportable sellers, PO1 can assume reporting for PO2 (or vice versa).

PO2 will need to register on the reporting service to notify HMRC that PO1 will assume reporting for them.

PO1 will need to register on the reporting service and report information to HMRC. When reporting the information, PO1 will include that they have assumed reporting for PO2.