What Happens If You Miss a Compliance Deadline?

    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.

    Missing a compliance deadline isn�t just a paperwork issue�it�s a signal to regulators, clients, and partners that your systems might not be up to standard. From spiraling legal costs to damaged reputations, the consequences go far beyond fines. What many don�t realize is how quickly a late submission can escalate into prolonged investigations, account freezes, or even client loss. And for financial institutions, that can mean millions in exposure. But here�s the opportunity: automation isn�t just a solution�it�s a shift in mindset. With the right tools in place, compliance stops being a last-minute fire drill and becomes a streamlined, secure process that protects your business and your peace of mind. Instead of scrambling, you�re in control.

    TWC Staff

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