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IEIM905000 | Compliance and Penalties

From HM Revenue & Customs · International Exchange of Information Manual

The penalty regime is set out in Part 3 of The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 (SI 2023/817).

The regulations require Platform Operators (POs) to collect, verify and report to HMRC information about the identity and income of Sellers on their Platform. If a PO fails to comply with these requirements, they may be subject to penalties.

Contents7 entries

  1. IEIM905010The Initial Period
  2. IEIM905100Overview of Penalties
  3. IEIM905200Penalties for Partnerships
  4. IEIM905300Penalty Reductions
  5. IEIM905400Circumstances in which a Penalty will not Apply
  6. IEIM905500Penalty Time Limits and Payment
  7. IEIM905600Appeals Against Penalties