# The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023, Regulation 15: Penalties for failure to notify

Extent: E+W+S+N.I.

(1) If a reporting platform operator fails to comply with regulation 7 (notification to HMRC: reporting platform operators), the reporting platform operator is liable to a penalty not exceeding £1,000.
(2) If a platform operator fails to comply with regulation 8(1) (notification to HMRC: excluded platform operators), the platform operator is liable to a penalty not exceeding £1,000.

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Source: https://www.legislation.gov.uk/uksi/2023/817/regulation/15 (the official version)
Page: https://openlegislation.uk/platform-operators-due-diligence-and-reporting-requirements-regulations-2023/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.