Following a consultation on the implementation of the Organisation for Economic Co-operation and Development’s Model Reporting Rules for Digital Platforms, the government decided the new rules will start from 1 January 2024 in the UK. ICAEW’s Tax Faculty welcomes this one-year delay, as it will give platforms and their advisers more time to prepare for implementation.
The collection of information by digital platforms will start from January 2024. The deadline for submitting the first reports will be the end of January 2025.
HMRC plans to publish the government’s response to the consultation and draft regulations giving details of the new rules at the next Legislation Day in the summer.
Read ICAEW’s response to the consultation: ICAEW REP 103/21 Reporting rules for digital platforms
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
More support on tax
ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.Sign up for TAXwireJoin the Tax Faculty
The future of tax after COVID
As digital technologies transform society, the UK government is grappling with balancing the books while ensuring its tax system is fit for purpose. Join us as we take a look at the issues and challenges facing the tax system.Read more
More from the Tax Faculty
Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter
Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.
Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.