The digital economy has experienced unprecedented growth, with online platforms revolutionising how we live, work, and conduct business. However, this rapid expansion has brought about new challenges, particularly in the realm of taxation.

In response to these challenges, the UK introduced the ‘Reporting Rules for Digital Platforms’ regulation (the regulation), which aims to ensure tax transparency and fairness in the digital economy by obligating online platforms to report the income earned by their users to HMRC. The first reporting under the regulation is due by 31 January 2025.

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