The Compliance Week in Three Key Updates: May 5

    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.

    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.

    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.

    Ireland fines TikTok 530 million euros for sending EU user data to China CNBC https://www.cnbc.com/2025/05/02/ireland-fines-tiktok-530-million-for-sending-eu-user-data-to-china.html Ireland�s privacy regulator has slapped TikTok with a hefty fine of 530 million euros ($601.3 million) for unlawfully transferring user data to China. The Irish Data Protection Commission (DPC), responsible for overseeing TikTok's privacy practices within the EU, announced that the platform violated the General Data Protection Regulation (GDPR) concerning the transfer of European user data. The DPC has given TikTok six months to align its data processing practices with legal standards, warning that failure to comply will result in a suspension of data transfers to China. Apple referred to a criminal prosecutor over US antitrust violation Financial Times https://www.ft.com/content/1ac69bc1-6269-4a18-9757-2528bc1e2673 A federal judge has referred Apple to a criminal prosecutor after determining that the tech giant intentionally �thwarted� a legal order mandating changes to its App Store rules in the US. In a harsh ruling issued last week, the judge accused one of Apple�s financial executives of lying under oath to conceal efforts to circumvent the injunction. This marks a significant blow to the iPhone manufacturer and adds a new dimension to its ongoing legal conflict with Epic Games. The injunction originates from a high-profile antitrust lawsuit filed by Epic Games against Apple in 2020, a case in which Apple largely emerged victorious in court and subsequent appeals. Angola fines two banks �1.4M for serious AML offenses Plataforma https://www.plataformamedia.com/en/2025/04/30/angola-two-banks-fined-e1-4m-for-serious-offences/ The National Bank of Angola (BNA) has levied fines exceeding �1.4 million on Yetu and BCI banks for serious violations related to anti-money laundering efforts. Yetu bank faced the most severe penalty, amounting to 1 billion kwanzas (�963,000), as the regulator determined that the bank failed to exercise due diligence and restraint when forming business relationships. Meanwhile, Banco de Com�rcio e Ind�stria (BCI) was fined 330.4 million kwanzas (�318,000) for failing to adhere to essential requirements concerning risk assessment, identification, and due diligence, as well as enhanced measures within the framework of anti-money laundering, counter-terrorist financing, and the prevention of the proliferation of weapons of mass destruction.

    TWC Staff

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