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The Treasury News

Air Passenger Duty to increase from 1 April 2024

The Treasury advises that Air Passenger Duty ('APD') is to increase on 1 April 2024. With effect from the 1 April 2024, Band B (long-haul) and Band C...
Yesterday

VAT registration and deregistration thresholds to increase from 1 April 2024

The Treasury advises that the VAT registration and deregistration thresholds are to increase on 1 April 2024. With effect from the 1 April 2024 the VAT...
Yesterday

Financial Sanctions: Counter-Terrorism (Domestic)

This news release is issued to publicise the addition of 2 entries under the Counter-Terrorism (Domestic) Sanctions Regime. The Counter-Terrorism (Sanctions)...
Wednesday, 27 March 2024

Financial Sanctions: Russia

This news release is issued to publicise the amendment of 1 entry under the Russian sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I....
Wednesday, 27 March 2024

Financial Sanctions: Cyber

This news release is issued to publicise the addition of 3 entries under the Cyber Sanctions Regime. The Cyber (Sanctions) (EU Exit) Regulations 2020 (S.I....
Monday, 25 March 2024

Changes to passport fees coming in April

An increase to the cost of an Isle of Man Variant British Passport will be implemented from 11 April 2024 in line with changes announced in the UK. The changes...
Wednesday, 20 March 2024

Financial Sanctions: Democratic People’s Republic of Korea

This news release is issued to publicise the amendment of 1 entry under the Democratic People’s Republic of Korea Regime. The Democratic People’s Republic of...
Monday, 11 March 2024

Revamped Benefit in Kind system promotes green motoring

A change to the calculation of Benefit in Kind for cars and fuel was announced as part of the 2024 Budget. A benefit in kind is a 'payment' made in a different...
Saturday, 9 March 2024

Treasury Minister responds to UK Spring Statement

Treasury Minister Dr Alex Allinson MHK has issued his reaction to the UK Government’s Spring Budget Statement, delivered on Wednesday 6 March by the UK...
Thursday, 7 March 2024

VAT: Reusable Period Underwear included within description of Women’s Sanitary Products to receive zero rate of VAT

The Treasury advises that reusable period underwear has been added to the list of descriptions included within the definition of “women’s sanitary products”...
Tuesday, 5 March 2024
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