IEIM905110 - Penalties for Late Reports
Reporting Platform Operators (RPOs) have to collect information about Sellers for each Reportable Period (i.e. a calendar year). The information must then be reported to HMRC by 31 January following the end of the Reportable Period.
If an RPO fails to provide a report to HMRC by 31 January following the end of the Reportable Period, they will be liable to a penalty of up to £5,000.
HMRC will issue a notice of an assessment to a penalty. If the failure continues after the notice has been issued, daily penalties of up to £600 per day may apply. Daily penalties will continue to be charged until the reporting requirements have been met.
See IEIM905300 for details of how the amount of the penalty will be assessed.