The Treasury News
Sanctions Notice: Terrorism and Other Crime (Financial Restrictions) Act 2014 – Revocation of Final Designation
On 13 July 2016, the final designation of the person below was revoked by HM Treasury.
Consequently, he is not a designated person for the purpose of the...
Friday, 15 July 2016
Consultation on enhanced tax requirements for accounting records
A consultation has been launched on the updating of the Island’s income tax legislation on the making and keeping of accounting records to meet international...
Tuesday, 12 July 2016
End to free TV licences for the over 75s
The concession under which Isle of Man residents aged 75 or over are given a free TV licence is to end with effect from 1 September 2016.
However, those in...
Friday, 8 July 2016
Island remains positive after credit rating revision
Treasury Minister Eddie Teare MHK says the decision to revise the Isle of Man’s credit rating comes as no surprise.
Moody’s Investors Service has affirmed the...
Thursday, 30 June 2016
Sanctions Notice: Financial Sanctions: ISIL (Da’esh) and Al-Qaida
This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations.
Annex I to Council Regulation...
Monday, 27 June 2016
Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing
The Terrorism and Other Crime (Financial Restrictions) Act 2014 (“the Act”) implements the terrorist asset-freezing requirements of UN Security Council...
Monday, 27 June 2016
Treasury to bolster benefit fraud inspectorate
The Treasury has today announced that it is taking further action to tackle the growing problem of benefit fraud in the Isle of Man.
Another two full-time...
Friday, 24 June 2016
Tax net closes in on over £4 million of undeclared income
Treasury Minister Eddie Teare MHK has warned that time is running out for Isle of Man taxpayers who have failed to declare income totalling more than £4...
Friday, 24 June 2016
FATCA AND IGA REPORTING DEADLINES NEAR
The 30 June deadline for Isle of Man Reporting Financial Institutions to submit their 2015 US FATCA reports to the Income Tax Division is now only two weeks...
Wednesday, 15 June 2016
Sanctions Notice: Financial Sanctions: Ivory Coast
This news release is issued in respect of the restrictive measures directed against Ivory Coast.
Council Regulation (EC) No 560/2005 imposing financial...
Monday, 13 June 2016