I’ve been selected for PICT independence testing. Some investments were made by my family under my account (via Revolut) in companies listed outside the country where I’m employed by EY. These haven’t been reported. Will EY detect this, or should I be concerned and disclose them for PICT or just stay silent and submit nothing under PICT due to different jurisdictions?

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Posting as :
works at
You are currently posting as works at

Since EY UK likely monitors this space and has a list of those recently selected for this testing you should strongly consider self reporting if you can get comfortable the sanctions are tolerable.

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Or if an EY UK person seeing this gives them a heads up

Do you have to pick up any income from this account on your tax return?

If they ask for tax returns, I would guess that would include the return, if any, in the other country.

They will ask for investment accounts statements. I suppose you could just not give them that one, but if they do find it, you are going be screwed.

Up to you if you want to play that game or not.

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