188体育

Reporting Platform Operators (RPOs) are required to report the total Consideration paid or credited to the Seller as well as any fees, commissions and taxes that are withheld or charged by the RPO. The amount of Consideration is the amount that is actually paid or credited to the Seller after the deduction of any fees and commissions etc, which should be noted and reported separately.

Since Consideration is defined as being 鈥榩aid or credited鈥� to the Seller, the amount of Consideration should be calculated on a 鈥榗ash basis鈥�, i.e. the amount received by the Seller in a Reportable Period after deducting any refunds or cancellations made in that period. This includes any amounts paid or credited to a Seller where the Relevant Activity does not take place e.g. a non-refundable deposit payable for a Relevant Activity that does not later take place.

The amount received by a Seller should not be determined on an 鈥榓ccruals basis鈥�, such as where goods or services have been provided in the Reportable Period, but where payment for some of those goods or service has not yet been made.

RPOs are required to submit a corrected report, or amendment, if they identify after the reporting deadline that information about a Reportable Seller or Relevant Activities for a previous Reportable Period need to be corrected. This could be the case if the original report contains an error, or if there has been a refund of Consideration after the reporting deadline.聽

In the case of refunds, it is also acceptable to deduct the amount of the refund from the total Consideration in the subsequent Reportable Period in which the refund is paid or debited, rather than submit an amended return for the original Reportable Period. However, the RPO cannot use this method if it will result in the Seller having negative Consideration for any quarter in the later Reportable Period.聽

For example, the RPO has reported Consideration for a Seller in the last Reportable Period. The Seller receives a refund of 拢10 in the first quarter of the current Reportable Period. The RPO may reduce the Consideration for the current Reportable Period by the amount of 拢10, rather than submitting an amendment for the previous Reportable Period. However, if the Seller only earned Consideration of 拢8 during the first quarter of the current Reportable Period, the net Consideration would be -拢2. As Consideration cannot be negative for any quarter, an amendment to the original report for the previous period would have to be submitted instead.聽