PART 4

Miscellaneous and final

HMRC powers

International arrangements for exchanging information on the gig economy
129
1
The Treasury may by regulations make such provision as they consider appropriate for the purpose of giving effect to—
a
the OECD Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy, published on 3 July 2020 (“the Model Rules”);
b
any other international agreement or arrangements to which the United Kingdom is a party that make provision corresponding, or similar, to that made by the Model Rules.
2
References in subsection (1) to the Model Rules, agreements or arrangements include those Model Rules, agreements or arrangements as modified or supplemented from time to time.
3
Regulations under this section may (among other things)—
a
make provision about penalties for failure to comply with the regulations;
b
provide that a reference in the regulations to, or to a provision of, the Model Rules or an agreement or arrangement to which subsection (1) refers is to be construed as a reference to the Model Rules, agreement or arrangement, or provision, as amended from time to time;
c
make consequential, supplementary, incidental, transitional or saving provision (including amending, repealing or revoking an enactment whenever passed or made).
4
Regulations under this section are to be made by statutory instrument.
5
A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.