IEIM900200 - General Approach: Legislation & Guidance

The regulations implementing MRDP in the UK can be found at the following link:

http://www.legislation.gov.uk/id/uksi/2023/817

The legislation requires UK digital platform operators to report details of their sellers to HMRC. The legislation sets out, either directly or by reference to the requirements in the published OECD rules, the information platforms will need to collect and verify, the actions they will be required to take and the penalties for failing to comply with the requirements.

More information can be found about the model rules at the following links:

The OECD Model Rules & OECD FAQs:

https://www.oecd.org/en/topics/sub-issues/international-tax-compliance-policies-and-best-practices/model-reporting-rules-for-digital-platforms.html

The Consultation and Summary of Responses:

Reporting Rules fo Digital Platforms - GOV.UK (www.gov.uk)