Customs and Excise News

From 29 July 2026, the Capital Goods Scheme (CGS) will be simplified. The CGS requires businesses to make adjustments to the VAT claimed on certain high-value...

The Treasury can confirm Isle of Man residents will benefit from a reduction in the VAT rate from 5% to 0% on domestic electricity supplies, announced today by...

Businesses and stakeholders in the Isle of Man are invited to contribute to a new Call for Evidence on customs modernisation.  The UK Government is seeking...

Isle of Man traders and customs intermediaries are invited to take part in a consultation launched by the UK Government on proposals to introduce mandatory...

The Customs and Immigration Division has launched a public consultation to assess the impact of Vaping Products Duty on local businesses that manufacture vaping...

Enhanced VAT Return Service – Online Corrections Now Available Following recent upgrades to the functionality of the online VAT return submission process,...

The UK Government has launched a call for input on proposed temporary tariff suspensions aimed at mitigating the impact of rising costs linked to the conflict...

Families in the Isle of Man will pay less for days out this summer, as a temporary VAT reduction on selected activities comes into effect from 25 June...

From 25 June 2026 to 1 September 2026 (inclusive), the UK government has announced a temporary reduction in VAT on selected family activities to help ease the...

It has been confirmed that the temporary reduction in fuel duty will be extended providing continued support to motorists and businesses. The reduction was...