Last call - time to file digital platform reports!
The deadline for filing the first digital platform reports to HMRC is almost upon us. All reporting platform operators should ensure they are ready to file their reports to HMRC in respect of any reportable sellers who use their platform by 11:59pm on 31 January 2025 (for the period from 1 January 2024 to 31 December 2024). Reporting platform operators also need to provide a copy of the information they submit to HMRC to the relevant sellers themselves by 31 January 2025.
The introduction of the reports is more of an information gathering exercise by HMRC (to help them identify sellers who are not paying their fair share of tax) as opposed to a way of imposing new taxes on sellers and digital platforms. However, failure by a reporting platform operator to submit their reports to HMRC (or provide a copy of the information submitted to HMRC to the relevant sellers) on time will result in them incurring penalties and interest.
For information on the UK digital platform rules more generally, please click here to see our previous update on them.
Safety and Security declarations for EU to GB movements of goods
From 31 January 2025, safety and security declarations (otherwise known as entry summary declarations or ENS) will need to be filed for goods imported into GB from the EU. Businesses importing goods into GB from the EU should confirm with other parties in their supply chains who will submit these declarations to the UK customs authorities going forward to reduce the risk of delays at the border and/or penalties being charged.
