IEIM904130 - In What Period Should a "Reportable Seller" be Reported?
When determining the period in which a Seller should be reported, the time of booking is not relevant. Instead, for a Seller to be reported in a particular Reportable Period, they must have done at least one of the following in that Reportable Period:
Carried out a Relevant Activity, or
Have been paid or credited Consideration in relation to a Relevant Activity.
It would be sufficient for the Consideration to be credited to the Seller’s account on the Platform, rather than having to be paid to their bank account.
Where the Relevant Activity itself and the payment of Consideration take place in different Reportable Periods, the Seller should be reported in the first period.
For example, if a Relevant Activity is performed in December 2026, then the Seller is reportable in 2026 even if the Consideration is paid/credited in January 2027.
Similarly, if Consideration is paid in December 2026, then the Seller is reportable in 2026 even if the Relevant Activity is not performed until January 2027.