Regulation 17 Penalties for inaccurate or incomplete reportsI1
United Kingdom
If a reporting platform operator makes a report under regulation 4(1) (reporting of information) which contains inaccurate information, or which is incomplete, the reporting platform operator is liable to a penalty not exceeding £100 for each reportable seller in respect of which the information in the report is inaccurate or incomplete, where—
(a)
the inaccuracy or incompleteness is deliberate,
(b)
the inaccuracy or incompleteness is due to a failure to take reasonable care, or
(c)
the reporting platform operator discovers the inaccuracy or incompleteness some time later and fails to take reasonable steps to inform HMRC.