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HMRC internal manual

International Exchange of Information Manual

IEIM905160 - Penalties for Failure to Apply Due Diligence Procedures

Reporting Platform Operators (RPOs) have to carry out due diligence in relation to Sellers who are operating on their Platforms. An RPO will be liable to a penalty of up to £100 for each seller in relation to whom the required due diligence procedures have not been carried out in a Reportable Period.