The Compliance Week in Three Key Updates: June 23

    If you know you owe tax on undeclared income to HM Revenue & Customs (HMRC), here’s how you can let the tax office know by making voluntary disclosure.

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    If you owe tax on income or gains, it’s important to let HMRC know about any unpaid tax as soon as possible. This blog article explains how to make a voluntary disclosure.

    You can use the Digital Disclosure Service (DDS) to tell HMRC that you’ve not declared the right amount of tax on one or more of the following: Income Tax, Capital Gains Tax, National Insurance Contributions, or Corporation Tax. The DDS gives individuals and businesses the opportunity to bring up any unpaid tax in a simple, easy way.

    Title

    If you owe tax on income or gains, it’s important to let HMRC know about any unpaid tax as soon as possible. This blog article explains how to make a voluntary disclosure.

    You can use the Digital Disclosure Service (DDS) to tell HMRC that you’ve not declared the right amount of tax on one or more of the following: Income Tax, Capital Gains Tax, National Insurance Contributions, or Corporation Tax. The DDS gives individuals and businesses the opportunity to bring up any unpaid tax in a simple, easy way.

    Title

    If you owe tax on income or gains, it’s important to let HMRC know about any unpaid tax as soon as possible. This blog article explains how to make a voluntary disclosure.

    You can use the Digital Disclosure Service (DDS) to tell HMRC that you’ve not declared the right amount of tax on one or more of the following: Income Tax, Capital Gains Tax, National Insurance Contributions, or Corporation Tax. The DDS gives individuals and businesses the opportunity to bring up any unpaid tax in a simple, easy way.

    EU Court Aide Backs $4.7 Billion Google Android Fine The Wall Street Journal https://www.wsj.com/tech/eu-court-aide-backs-4-7-billion-google-android-fine-c18485e1 A leading advisor at the European Union�s Court of Justice has endorsed the substantial fine of 4.124 billion euros ($4.74 billion) imposed on Alphabet's Google by EU antitrust authorities, stemming from a prolonged conflict regarding the company's imposition of contractual terms on manufacturers of devices running its Android operating system. Juliane Kokott, the court's advocate general in Luxembourg, firmly stated that Google�s attempts to contest the fine are misguided. She pointed out that the company has maintained a dominant market presence within various segments of the Android ecosystem, allowing it to leverage its influence and encourage users to opt for its services such as Google Search. Kokott urged that judges should support the imposed penalty. In response, a Google spokesperson expressed disappointment with this opinion, arguing that if adopted by the court, it could deter investment in open platforms and ultimately be detrimental to users, developers, and business stakeholders. Switzerland fines Pictet for money laundering, sentences former employee Reuters https://www.reuters.com/business/finance/switzerland-sentences-former-pictet-employee-money-laundering-2025-06-17/ The Swiss Attorney General's Office has sentenced a former wealth manager at Pictet Bank to a six-month suspended prison term and imposed a fine on the private bank for money laundering in connection with a Petrobras investigation, the government announced last week. Pictet has been instructed to pay 2 million Swiss francs ($2.5 million) for neglecting to implement all reasonable and necessary measures to prevent transactions from a Brazilian public official�s account, which were aimed at disguising their illicit origins, according to a statement from the Swiss government. For years, Swiss prosecutors have been diligently working to trace assets and initiate prosecutions in a vast international corruption scandal linked to Brazil's state-owned oil enterprise, Petrobras. NAB pays A$751,200 penalty on breaches of consumer data rights rules The Business Times https://www.businesstimes.com.sg/companies-markets/banking-finance/nab-pays-751200-penalty-breaches-consumer-data-rights-rules Australia's competition watchdog announced last week that the National Australia Bank has been fined A$751,200 ($484,000) for purported violations of consumer data rights regulations stemming from its inability to adequately disclose credit limit information. This fine sets a record as the largest ever imposed for infractions of the Consumer Data Right (CDR) rules, following four infringement notices by the Australian Competition and Consumer Commission (ACCC). These notices pertain to the alleged failure to truthfully disclose credit limit information across four distinct requests made by various CDR providers on behalf of consumers.

    TWC Staff

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