IEIM905000 - Compliance and Penalties

The penalty regime is set out in Part 3 of The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 (SI 2023/817).

The regulations require Platform Operators (POs) to collect, verify and report to HMRC information about the identity and income of Sellers on their Platform. If a PO fails to comply with these requirements, they may be subject to penalties.

  1. IEIM905010
    The Initial Period
  2. IEIM905100
    Overview of Penalties
  3. IEIM905200
    Penalties for Partnerships
  4. IEIM905300
    Penalty Reductions
  5. IEIM905400
    Reasonable Excuse
  6. IEIM905500
    Penalty Time Limits and Payment
  7. IEIM905600
    Appeals Against Penalties