Isle of Man Customs and Excise News

Financial Sanctions: Yemen

Thu, 29 Sep 2022 14:32:02 GMT

This news release is issued to publicise the addition of 2 entries to the Yemen sanctions regime.

The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 (S.I. 2020/1278) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies that threaten the peace, stability or security of Yemen. The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 have effect in the Isle of Man by the Yemen Sanctions (Application) (No.2) Regulations 2020 [S.D. 2020/0539].

On 28 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

ADDITIONS

The following entries have been added to the consolidated list and are now subject to an asset freeze:

1. Motlaq Amer AL MARRANI (Group ID: 15591)

Name (non-Latin script): المراني عامر مطلق

DOB: 01/01/1984. POB: Al-Jawf, Yemen Nationality: Yemen Position: Former Deputy Head of the Houthi National Security Bureau (NSB) (Intelligence Agency) Other Information: (UK Sanctions List Ref):YEM0011 (UN Ref):YEi.011 (UK Statement of Reasons):Former Deputy Head of the Houthi National Security Bureau (NSB), oversaw detainees of the NSB who were subjected to torture and other mistreatment while detained, planned and directed illegal arrests and detention of humanitarian workers and the unlawful diversion of humanitarian assistance in violation of international humanitarian law. (Gender):Male Listed on: 28/09/2022 UK Sanctions List Date Designated: 28/09/2022 Last Updated: 28/09/2022 Group ID: 15591.

2. Mansur Ahmad AL-SA'ADI (Group ID: 15592)

Name (non-Latin script): السعادي منصور

DOB: --/--/1988 POB: Yemen Nationality: Yemen Position: Houthi Naval Forces Chief of Staff Other Information: (UK Sanctions List Ref):YEM0013 (UN Ref):YEi.010 (UK Statement of Reasons):Houthi Naval Forces Chief of Staff, who has masterminded lethal attacks against international shipping in the Red Sea, plays a leading role in Houthi naval efforts that directly threaten the peace, security, and stability of Yemen. (Gender):Male Listed on: 28/09/2022 UK Sanctions List Date Designated: 28/09/2022 Last Updated: 28/09/2022 Group ID: 15592.

What you must do

Financial institutions and other persons are required to check whether you maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, designated individuals. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, make those funds or economic resources available to a designated person, or make those funds or economic resources available for the benefit of a designated person. You must also report your findings to the FIU.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details on the UN measures in respect of Yemen can be found on the relevant UN Sanctions Committee webpage: https://www.un.org/securitycouncil/

Further details of the sanctions regime related to Yemen and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Thu, 29 Sep 2022 14:28:39 GMT

This news release is issued to publicise the amendment of 7 entries to the Russian sanctions regime.

The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, or obtaining a benefit from or supporting the Government of Russia. The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [S.D. 2020/0504].

On 28 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

AMENDMENTS

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entries have been amended and are still subject to an asset freeze:

1. Alexander Dmitrievich KHARICHEV (Group ID: 15560)

Name (non-Latin script): [Олександр] Александр Дмитрович ХАРИЧЕВ

a.k.a: KHARICHEV, Alexander, Dmitrievich (non-Latin script: Александр Дмитриевич ХАРИЧЕВ) Nationality: Russia Other Information: (UK Sanctions List Ref):RUS1616 (UK Statement of Reasons): Alexander KHARICHEV is an involved person within the meaning of the Russia (Sanctions) (EU Exit) Regulations 2019 because KARICHEV is a head or deputy-head of any public body, federal agency or service subordinate to the President of the Russian Federation, including the Administration of the President of the Russian Federation. Specifically, KARICHEV is Chief of the Presidential Directorate for Supporting Activities of the State Council of the Russian Federation (also known as the Office of the President of the Russian Federation for ensuring the activities of the State Council of the Russian Federation). Therefore, KARICHEV is a person involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine or obtaining a benefit from or supporting the Government of Russia. (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15560.

2. Denis Sergeevich KURASHOV (Group ID: 15567)

Name (non-Latin script): Денис Сергеевич КУРАШОВ

DOB: [31/05/1905.] 31/05/1978 POB: Russia Nationality: Russian Position: Deputy Minister of Communications of the so-called Donetsk People's Republic Other Information: (UK Sanctions List Ref):RUS1623 (UK Statement of Reasons):Denis Sergeevich KURASHOV is a Russian official serving as Deputy Minister of Communications of the so-called Donetsk People’s Republic. KURASHOV is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because he engages in and provides support for policies and actions which destabilise Ukraine and undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.(Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15567.

3. Mikhail [Valentivovich] Valentinovich KOVALCHUK (Group ID: 15540)

Position: Member of Sberbank’s Supervisory Board Other Information: (UK Sanctions List Ref):RUS1596 (UK Statement of Reasons):Mikhail Valentinovich Kovalchuk is an “involved person” under the Russia (Sanctions) (EU Exit) Regulation 2019 because he has been, and is, involved in obtaining a benefit from or supporting the Government of Russia by: (1) working as a director, manager or equivalent of a person (other than an individual) which is carrying on business in a sector of strategic significance to the Government of Russia, namely SBERBANK which carries on business in the financial services sector; (2) she has been, and is, involved in obtaining a benefit from or supporting the Government of Russia by working as a director, manager or equivalent of a Government of Russia-affiliated entity, namely SBERBANK (the Government of Russia directly holds more than 50% of the shares in SBERBANK and/or more than 50% of the voting rights in SBERBANK). (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15540.

4. Iskander Kakhramonovich MAKHMUDOV (Group ID: 15587)

Name (non-Latin script): [МАХМУДОВ] Искандер Кахрамонович МАХМУДОВ

DOB: 05/12/1963. Position: President of Ural Mining and Metallurgical Company (UMMC) Other Information: (UK Sanctions List Ref):RUS1643 Transport sanction: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. (UK Statement of Reasons):Iskander Kakhramonovich MAKHMUDOV (hereafter MAKHMUDOV) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) MAKHMUDOV is and has been involved in obtaining a benefit from or supporting the Government of Russia through his role as President of Ural Mining and Metallurgical Company (UMMC) by working as a manager or equivalent at an entity carrying on business in the Russian extractives sector, a sector of strategic significance to the Government of Russia. (2) MAKHMUDOV has been involved in obtaining a benefit from or supporting the Government of Russia through owning or controlling directly or indirectly Ural Mining and Metallurgical Company (UMMC), an entity carrying on business in the Russian extractives sector, a sector of strategic significance to the Government of Russia. (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15587.

5. Mikhail Leonidovich RODIKOV (Group ID: 15569)

Name (non-Latin script): Михаил Леонидович Родиков

DOB: [--/--/1954] 26/01/1958 Other Information: (UK Sanctions List Ref): RUS1625 (UK Statement of Reasons):Mikhail Leonidovich RODIKOV is a Russian official Russian-installed administration in occupied Kherson, Ukraine. RODIKOV is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because he is or has been engaged in policies or actions, which destabilise Ukraine or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15569.

6. Oleksandr SAULENKO (Group ID: 15519)

Name (non-Latin script): Александр Сауленко

DOB: 29/03/1984. POB: Kiev, Ukraine Position: Senior position in the Russian installed administration of Berdyansk (in the temporarily controlled territory of Zaporizhzhia Oblast Ukraine) Other Information: (UK Sanctions List Ref):RUS1575 (UK Statement of Reasons):SAULENKO is an “involved person” under the Russia (Sanctions) (EU Exit) Regulations 2019 because: he is, and has been, involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine by engaging in, providing support for and promoting policies and actions which destabilise Ukraine and undermine and threaten the territorial integrity, sovereignty or independence of Ukraine, namely by holding a senior position in the Russian installed administration of Berdyansk (in the temporarily controlled territory of Zaporizhzhia Oblast Ukraine) (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15519.

7. Andrey Veniaminovich YARIN (Group ID: 15505)

Name (non-Latin script): Андре́й Вениами́нович Я́рин

DOB: [13/03/1970.] 13/02/1970 POB: Nizhny Tagil, Sverdlovsk, Russia a.k.a: YARIN, Andrei Nationality: Russia Position: Head of the Office of the President of Russia for Domestic Policy Other Information: (UK Sanctions List Ref):RUS1561 (UK Statement of Reasons):Andrey YARIN is an involved person within the meaning of the Russia (Sanctions) (EU Exit) Regulations 2019 because YARIN is a head or deputy-head of any public body, federal agency or service subordinate to the President of the Russian Federation, including the Administration of the President of the Russian Federation. Specifically, YARIN is Head of the Office of the President of Russia for Domestic Policy. Therefore, YARIN is a person involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine.(Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [26/09/2022] 28/09/2022 Group ID: 15505.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Libya

Tue, 27 Sep 2022 10:08:44 GMT

This news release is issued to publicise the amendment of 1 entry under the Libya Sanctions Regime.

The Libya (Sanctions) (EU Exit) Regulations 2020 (S.I. 2020/1665) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in the commission of a serious human rights violation or abuse in Libya; the commission of a serious breach of international humanitarian law in Libya; activities undermining Libya’s transition to a democratic, peaceful and independent country or any other activity that threatens the peace, stability and security of Libya. The Libya (Sanctions) (EU Exit) Regulations 2020 have effect in the Isle of Man by the Libya Sanctions (Application) Regulations 2020 [S.D. 2020/0584].

On 26 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

AMENDMENT

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entry has been amended and is still subject to an asset freeze:

1. Yevgeniy Viktorovich PRIGOZHIN (Group ID: 13968)

Name (non-Latin script): [Евтений] Евгений Викторович ПРИГОЖИН

Title: Mr DOB: 01/06/1961. POB: Leningrad (St Petersburg), Russia a.k.a: (1) PRIGOZHIN, Yevgeny (2) PRIGOZHIN, Evgeny Nationality: Russia Passport Number: 40 07 136936 Position: (1) Responsible for and support to the Wagner Group (2) Funder and former director of Internet Research Agency Other Information: (UK Sanctions List Ref):LIB0071 (UK Statement of Reasons):Yevgeniy Viktorovich Prigozhin is or has been involved in activities which threaten the peace, stability and security of Libya or undermine its transition to a democratic, peaceful and independent country, through his responsibility and provision of support for the activities in Libya of the organisation known as the Wagner Group. The Wagner Group is a Russia-based private military company but its organisation is purposely opaque to obscure its ownership and in order to provide a deniable military capability for the Russian State. The Wagner Group is or has been operating in Libya in contravention of the United Nations arms embargo established by United Nations Security Council Resolution 1970 (2011) and, through its activities in Libya in support of Khalifa Haftar’s Libyan National Army, threatens the peace, stability and security of Libya or undermines its transition to a democratic, peaceful and independent country.(Gender):Male Listed on: 15/10/2020 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [16/09/2022] 26/09/2022 Group ID: 13968.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details on the UN measures in respect of Libya can be found on the relevant UN Sanctions Committee webpage: https://www.un.org/securitycouncil/

Further details of the sanctions regime related to Libya and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Tue, 27 Sep 2022 10:05:10 GMT

This news release is issued to publicise the addition of 92 entries, correction of 1 entry and amendment of 3 entries to the Russian sanctions regime.

On 26 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

92 entries have been added to the consolidated list and are now subject to an asset freeze. Further information can be found in the annex to this Notice.

AMENDMENTS

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entries have been amended and are subject to an asset freeze:

1. Ihor Vladymyrovych KOSTENOK (Group ID: 13180)

Name (non-Latin script): Ігор ВЛАДИМИРОВИЧ Костенок [ВЛАДИМИРОВИЧ]

DOB: 15/03/1961. POB: Vodyanske, Dobropillia Rayon, Donetsk oblast, Ukrainian SSR (now Ukraine) a.k.a: KOSTENOK, Igor, Vladimirovich (non-Latin script: Игорь ВЛАДИМИРОВИЧ Костенок [ВЛАДИМИРОВИЧ]) Nationality: Ukraine Position: (1) Former so-called 'Minister' of Education' of the 'Donetsk People's Republic' (2) Currently working for the Donetsk Academy of Management and Civil Service under the so called ‘Head of the Donetsk People’s Republic’ Other Information: (UK Sanctions List Ref):RUS0006 (UK Statement of Reasons):Former so-called “Minister of Education” of the “Donetsk People’s Republic”. In taking on and acting in this capacity, he has therefore actively supported actions and policies which undermine the territorial integrity, sovereignty and independence of Ukraine, and further destabilised Ukraine. Currently working for the Donetsk Academy of Management and Civil Service under the so called ‘Head of the Donetsk People’s Republic’. (Gender):Male Listed on: 02/12/2014 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [16/09/2022] 26/09/2022 Group ID: 13180.

2. Serhiy Vitalyovych KURCHENKO (Group ID:12906)

Name (non-Latin script): Сергій Віталійович Курченко [Курченко]

DOB: 21/09/1985. POB: Kharkiv, Former USSR Currently Ukraine a.k.a: (1) KURCHENKO, Sergey, Vitaliiovych (2) KURCHENKO, Sergey, Vitalijovich (non-Latin script: Сергей Витальевич Курченко) (3) KURCHENKO, Sergey, Vitaliyovych (4) KURCHENKO, Sergey, Vitalyovych (5) KURCHENKO, Sergii, Vitaliiovych (6) KURCHENKO, Sergii, Vitalijovich (7) KURCHENKO, Sergii, Vitaliyovych (8) KURCHENKO, Sergii, Vitalyovych (9) KURCHENKO, Sergij, Vitaliiovych (10) KURCHENKO, Sergij, Vitalijovich (11) KURCHENKO, Sergij, Vitaliyovych (12) KURCHENKO, Sergij, Vitalyovych (13) KURCHENKO, Sergiy, Vitaliyovich (non-Latin script: Сергій Віталійович Курченко) (14) KURCHENKO, Serhii, Vitaliiovych (15) KURCHENKO, Serhii, Vitalijovich (16) KURCHENKO, Serhii, Vitaliyovych (17) KURCHENKO, Serhii, Vitalyovych (18) KURCHENKO, Serhiy, Vitaliiovych (19) KURCHENKO, Serhiy, Vitalijovich (20) KURCHENKO, Serhiy, Vitaliyovych Nationality: Ukraine Address: Moscow, Russia. Position: Businessman Founder/Owner of the group of companies Gas Ukraine 2009 Other Information: (UK Sanctions List Ref):RUS0230 (UK Statement of Reasons): Kurchenko facilitated the supply of oil from Russian companies to their Crimea-based subsidiaries in the first year of Russian occupied Crimea, enabling the Russian companies to bypass EU sanctions. He bought and operated Ukrainian assets in the occupied Donbas. He controlled coal exports to Russia and abroad from the occupied Donbas. These activities provided material support to the separatist groups in the Donbas and to the Russian occupation of Crimea, destabilising Ukraine and undermining Ukrainian sovereignty and territorial integrity. (Gender):Male Listed on: 06/03/2014 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [16/09/2022] 26/09/2022 Group ID: 12906.

3. Igor Vladimirovich LEBEDEV (Group ID: 13111)

Name (non-Latin script): Лебедев [Олег] Игорь Владимирович

DOB: 27/09/1972. POB: Rudny, Kostanai Region, Kazakh SSR a.k.a: LEBEDEV, Igor, Vladimirovych Nationality: Russia Position: Former Deputy Speaker, State Duma Other Information: (UK Sanctions List Ref):RUS0017 (UK Statement of Reasons):Deputy Speaker, State Duma. On March 2014 he voted in favour of the draft Federal Constitutional Law 'on the acceptance into the Russian Federation of the Republic of Crimea and the formation within the Russian Federation of new federal subjects - the republic of Crimea and the City of Federal Status Sevastopol. (Gender):Male Listed on: 12/09/2014 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [16/09/2022] 26/09/2022 Group ID: 13111.

The following entry has been corrected and is still subject to an asset freeze:

1. OOO "VO TECHNOPROMEXPORT" (Group ID: 13525)

a.k.a: (1) LIMITED LIABILITY COMPANY "EXTERNAL ECONOMIC ASSOCIATION" TECHNOPROMEXPORT ["; REMOVE: Open Joint Stock Company Foreing Economic Association 'Technopromexpert'] (2) Limited Liability Company 'Foreign Economic Association' 'Technopromexport' (3) OOO 'VO TPE' Address: Novyi Arbat str., 15, building 2, Moscow, Russia, 119019. Other Information: (UK Sanctions List Ref):RUS0186 Names of Director(s). Management: Chief: Sergey Topor-Gilka (DG of OAO "TPE" and also of OOO TPE) (UK Statement of Reasons): Owner of the gas turbines originally supplied by Siemens Gas Turbine Technologies OOO to OAO ‘VO TPE’ for exclusive use in Taman, Southern Russia. OOO ‘VO TPE’ assumed ownership of the gas turbines and transferred the gas turbines to be installed in Crimea. This contributes to establishing an independent power supply for Crimea and Sevastopol as a means of supporting their separation from Ukraine, and undermines the territorial integrity, sovereignty and independence of Ukraine. (Website):http://tpe-vo.ru/ (Business Reg No):1147746527279 dated 27/07/1992. Tax ID: 7701863782e Listed on: 04/08/2017 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [16/09/2022] 26/09/2022 Group ID: 13525.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Changes to VAT reduced rate on construction services

Fri, 23 Sep 2022 12:00:31 GMT

Legislation relating to the reduced rate of 5% VAT for construction services on certain properties on the Island is being amended, with changes taking effect from 1 January 2023.

The amendment of the Value Added Tax Act 1996 sets out that certain construction services which are provided to eligible buildings (dwellings, residential homes, properties used for relevant charitable purposes and places of worship) are permitted to be charged at the reduced rate of 5% VAT, rather than the standard rate of 20%.

Services eligible for the reduced-rate include:

alteration, extension or enlargement of an eligible building
repairs to an eligible building or to the boundary of that building
repairs or maintenance to the land within the boundary of an eligible building which is required for safety reasons to prevent damage (or further damage) to that building
installation, repair or maintenance of building materials ordinarily incorporated into an eligible building

This legislation also provides that the supply of building materials at the same time as the service will also qualify for the reduced-rate, and provides a definition of building materials.

What is changing?

For the majority of construction services carried out on a home (and other eligible buildings) there will be no change to the VAT rate. For example, the following services (including related building materials) will continue to be eligible for the reduced rate:

renovations and extensions
roof and window replacement, repairs and maintenance
installation of kitchens and bathrooms
retaining walls, underpinning, flood prevention

The changes that may impact some VAT-registered businesses and their customers are:

clarification of the VAT rate on some services at 20%, such as the construction and repair of buildings within the curtilage of a domestic property, which is not self-contained living accommodation or which is to be used for business purposes, eg. separate garages, sheds, garden rooms, beauty salon rooms, etc
decrease of VAT rate on some services from 20% to 5%, such as installation and servicing of fires/log-burners and chimney sweeping, gutter repairs, boundary wall repairs, and supply by a sub-contractor to a main contractor

The following are not included within the reduced rate:

installation or servicing of domestic appliances (e.g. washing machines, fridges)
fitting of carpets, blinds, curtains
gardening services
construction services on commercial property

Where can I find more information?

A VAT Notice (Reduced rate of VAT of Domestic Property in the Isle of Man (January 2023)) is now available which explains what services (and related goods) are and are not eligible for the reduced rate from 1 January 2023.

The Notice also provides guidance on what to do if you supply services which are subject to different rates of VAT.

You can also contact Customs and Excise via email customs@gov.im or phone at +44 1624 648130, Monday to Friday 8.30am to 4.30pm.

Financial Sanctions: Libya

Tue, 20 Sep 2022 14:43:48 GMT

This news release is issued to publicise the amendment of 1 entry under the Libya Sanctions Regime.

On 16 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entry has been amended and is still subject to an asset freeze:

1. Yevgeniy Viktorovich PRIGOZHIN (Group ID: 13968)

Name (non-Latin script): Евтений Викторович ПРИГОЖИН Title: Mr DOB: 01/06/1961. POB: Leningrad (St Petersburg), Russia a.k.a: (1) PRIGOZHIN, Yevgeny (2) PRIGOZHIN, Evgeny Nationality: Russia Passport Number: 40 07 136936 Position: (1) Responsible for and support to the Wagner Group (2) Funder and former director of Internet Research Agency Other Information: (UK Sanctions List Ref):LIB0071 (UK Statement of Reasons): [Yevginey Viktorovich Prigozhin is a Russian businessman with close links, including financially, to the private military company Wagner Group. In this way, Prigozhin is engaged in and providing support for Wagner Group’s activities in Libya, which threaten the country’s peace, stability and security. In particular, Wagner Group is involved in multiple and repeated breaches of the arms embargo in Libya established in UNSCR 1970 (2011) including delivery of arms as well as deployment of mercenaries into Libya in support of the Libya National Army. Wagner Group has participated in multiple operations against the UN-endorsed Government of National Accord and has contributed to damaging the stability of Libya and undermining a peaceful process.] Yevgeniy Viktorovich Prigozhin is or has been involved in activities which threaten the peace, stability and security of Libya or undermine its transition to a democratic, peaceful and independent country, through his responsibility and provision of support for the activities in Libya of the organisation known as the Wagner Group. The Wagner Group is a Russia-based private military company but its organisation is purposely opaque to obscure its ownership and in order to provide a deniable military capability for the Russian State. The Wagner Group is or has been operating in Libya in contravention of the United Nations arms embargo established by United Nations Security Council Resolution 1970 (2011) and, through its activities in Libya in support of Khalifa Haftar’s Libyan National Army, threatens the peace, stability and security of Libya or undermines its transition to a democratic, peaceful and independent country. (Gender): Male Listed on: 15/10/2020 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [31/12/2020] 16/09/2022 Group ID: 13968.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details on the UN measures in respect of Libya can be found on the relevant UN Sanctions Committee webpage: https://www.un.org/securitycouncil/

Further details of the sanctions regime related to Libya and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Democratic People’s Republic of Korea

Tue, 20 Sep 2022 14:38:29 GMT

This news release is issued to publicise the amendment of 2 entries under the Democratic People’s Republic of Korea Regime.

The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/411) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in the facilitation of any of the Democratic People’s Republic of Korea's military programmes. The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Democratic People’s Republic of Korea Sanctions (Application) Regulations 2020 [S.D. 2020/0502].

On 16 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entries have been amended and are still subject to an asset freeze:

1. SINGWANG ECONOMICS AND TRADING GENERAL CORPORATION (Group ID: 13427)

Address: North Korea. Other Information: (UK Sanctions List Ref):DPR0193 (UN Ref):KPe.036 Singwang Economics and Trading General Corporation is a DPRK firm for trading in coal. DPRK generates a significant share of the money for its nuclear and ballistic missile programs by mining natural resources and selling those resources abroad. [IMO number: 5905801.] Listed on: 09/12/2016 UK Sanctions List Date Designated: 30/11/2016 Last Updated: [02/08/2022] 16/09/2022 Group ID: 13427.

2. WEIHAI WORLD-SHIPPING FREIGHT (Group ID: 13645)

Address: 419-201, Tongyi Lu, Huancui Qu, Weihai, Shandong, China, 264200. Other Information: (UK Sanctions List Ref): DPR0197 (UN Ref): KPe.074 Ship and commercial manager of the XIN GUANG HAI, a vessel that on loaded coal at Taean, DPRK, on 27 October 2017 and had an ETA of 14 November 2017 to Cam Pha, Vietnam, but it did not arrive. IMO number: 5905801. Listed on: 03/04/2018 UK Sanctions List Date Designated: 30/03/2018 Last Updated: [31/12/2020] 16/09/2022 Group ID: 13645.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details on the UN measures in respect of Democratic People’s Republic of Korea can be found on the relevant UN Sanctions Committee webpage

Further details of the sanctions regime related to Democratic People’s Republic of Korea and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Tue, 20 Sep 2022 14:38:06 GMT

This news release is issued to publicise the addition of 1 entry, removal of 1 entry, correction of 3 entries and amendment of 118 entries to the Russian sanctions regime.

On 16 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entry has been added to the consolidated list and is subject to an asset freeze:

1. Arkady Romanovich ROTENBERG (Group ID: 15498)

Name (non-Latin script): Аркадий Романович РОТЕНБЕРГ

DOB: 15/12/1951. POB: Leningrad (St Petersburg), Russian Federation Nationality: Russia Position: (1) Previous Chairman of House of Prosvescheniye (2) Previous owner of Stroygazmontazh Other Information: (UK Sanctions List Ref): RUS1552 (UK Statement of Reasons): Arkady Rotenberg has been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine by being responsible for, engaging in, providing support for, or promoting any policy or action which destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty or independence of Ukraine, through the construction of the Kerch Bridge, and a railway line on the bridge, from Russia to the illegally annexed autonomous Republic of Crimea, by Stroygazmontazh, his former company which received a State contract for the construction of the bridge, and a railway line on the bridge, which undermines the territorial integrity, sovereignty and independence of Ukraine. Rotenberg has also been involved in obtaining a benefit from or supporting the Government of Russia by owning or controlling directly or indirectly, Stroygazmontazh, an entity carrying on business in the Russian construction and transport sectors, sectors of strategic significance to the Government of Russia. (Gender):Male Listed on: 16/09/2022 UK Sanctions List Date Designated: 16/09/2022 Last Updated: 16/09/2022 Group ID: 15498.

This replaces the following entry regarding the same individual:

Arkady Romanovich ROTENBERG (Group ID: 13072)

DOB: 15/12/1951. POB: Leningrad (St Petersburg), Russia a.k.a: ROTENBERG, Arkadii, Romanovich Nationality: Russia Address: Russia. Position: (1) Former Chairman of house (2) Previous owner of Stroygazmontazh Other Information: (UK Sanctions List Ref):RUS0123 (UK Statement of Reasons):Arkady Rotenberg is a prominent Russian businessman who has close personal ties to President Putin. Since March 2014, Rotenberg, or his companies, have received State contracts totalling over USD 7 Billion. In 2015, Rotenberg led the annual list of government contracts in terms of value, after being awarded contracts worth 555 Billion roubles from the Russian Government. Many of these contracts were awarded without formal competitive processes. On 30 January 2015, Prime Minister Dmitry Medvedev signed a decree that awarded to Stroygazmontazh (Rotenberg’s company at the time), a State contract for the construction of the Kerch Bridge from Russia to the illegally annexed Autonomous Republic of Crimea. Through these contracts he has financially benefited from Russian Decision-makers responsible for the annexation of Crimea or the destabilisation of eastern Ukraine. He was the owner of the company Stroygazmontazh until 2019, which has been awarded a State contract for the construction of the Kerch bridge from Russia to the illegally annexed Autonomous Republic of Crimea, therefore consolidating its integration into the Russian Federation, which in turn further undermines the territorial integrity of Ukraine. Similarly, in January 2017, Stroygazmontazh was awarded the State contract worth 17 billion roubles for the construction of a railway line on the Kerch bridge, which again further undermines the territorial integrity of Ukraine. Other activities included being the the chairman of the board of directors of the publishing house Prosvescheniye until 2017, which has notably implemented the project ‘To the Children of Russia: Address- Crimea’, a public relations campaign that was designed to persuade Crimean children that they are now Russian citizens living in Russia, and thereby supporting the Russian Government’s policy to integrate Crimea into Russia. (Gender):Male Listed on: 31/07/2014 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [31/12/2020] 16/09/2022 Group ID: 13072.

The following entry has been removed from the consolidated list and is no longer subject to an asset freeze:

1. ZAO INTERAVTOMATIKA (IA) (Group ID: 13526)

a.k.a: (1) CJSC ‘Interavtomatika’ (2) ZAO Interautomatica Address: Avtozavodskaya st., 14, Moscow, Russia, 115280. Other Information: (UK Sanctions List Ref):RUS0206 Power Sector (UK Statement of Reasons):Company specialised in control and communications systems for power plants, which entered into contracts for projects concerning the power plants and the installation of gas turbines in Sevastopol. This contributes to establishing an independent power supply for Crimea and Sevastopol as a means of supporting their separation from Ukraine, and undermines the territorial integrity, sovereignty and independence of Ukraine. (Type of entity):Public Joint-Stock (Business Reg No):OGRN 1037739044111 dated 31/01/1994. Tax ID :7725056162 Listed on: 04/08/2017 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [31/12/2020] 16/09/2022 Group ID: 13526.

The following duplicates have been removed from the consolidated list. The original listings for Leonid Eduardovich SLUTSKI (Group ID: 12921) and Vladimir Abdualiyevich VASILYEV (Group ID: 13105) continue to apply and are still subject to an asset freeze. Only the duplicate listings have been removed:

1. Leonid Eduardovich SLUTSKY (Group ID: 14588)

Name (non-Latin script): Слуцкий Леонид Эдуардович

DOB: 04/01/1968. POB: Moscow, Russia Address: 1 Okhotny Ryad str, Russia, 103265. Position: Member of the State Duma of the Russian Federation Other Information: (UK Sanctions List Ref):RUS0643 (UK Statement of Reasons):Member of the State Duma of Russia who voted in favour of Federal Law No. 75577-8 “On the ratification of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Luhansk People’s Republic” and/or Federal Law No. 75578-8 “On the ratification of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People’s Republic”. In so doing, the member endorsed President Putin’s decision to recognise the Donetsk People’s Republic and the Luhansk People’s Republic as independent states, thereby providing support for policies and/or actions which destabilise Ukraine and/or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine. Listed on: 11/03/2022 UK Sanctions List Date Designated: 11/03/2022 Last Updated: [11/03/2022] 16/09/2022 Group ID: 14588.

2. Vladimir Abdualievich VASILIEV (Group ID: 14562)

Name (non-Latin script): Васильев Владимир Абдуалиевич

DOB: 11/08/1949. POB: Klin, Russia Nationality: Russia Address: 1 Okhotny Ryad str, Russia, 103265. Position: Member of the State Duma of the Russian Federation Other Information: (UK Sanctions List Ref):RUS0617 (UK Statement of Reasons):Member of the State Duma of Russia who voted in favour of Federal Law No. 75577-8 “On the ratification of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Luhansk People’s Republic” and/or Federal Law No. 75578-8 “On the ratification of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People’s Republic”. In so doing, the member endorsed President Putin’s decision to recognise the Donetsk People’s Republic and the Luhansk People’s Republic as independent states, thereby providing support for policies and/or actions which destabilise Ukraine and/or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine. (Gender):Male Listed on: 11/03/2022 UK Sanctions List Date Designated: 11/03/2022 Last Updated: [11/03/2022] 16/09/2022 Group ID: 14562.

118 entries have been amended and are still subject to an asset freeze. Further information can be found in the annex to this Notice.

What you must do

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further Information

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia General Licence

Mon, 12 Sep 2022 12:40:34 GMT

General licence - IOM/2022/RUS030

The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.

On 23 August 2022, the Treasury issued General Licence IOM/2022/RUS030 under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019, as they apply to the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [SD 2020/0504] ('the Regulations').

On 9 September 2022, General Licence IOM/2022/RUS030 was amended to update the meaning of a Bank. A Bank is a person or a firm with a Part 2, Chapter III permission of the Financial Services Act 2008 (of Tynwald) which includes the regulated activity of deposit taking, and which is a credit institution; but which is not a building society, a friendly society, a credit union or any other class of institution excluded by an order made by the Treasury.

Any persons intending to use General Licence IOM/2022/RUS030 should consult the copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

General Licence IOM/2022/RUS030 allows banks to take payment of bank fees from frozen accounts.

A Relevant Institution is:

a person who is licensed under the Financial Services Act 2008 (of Tynwald) to carry on a regulated activity within the meaning of section 3 of that Act
a person who is authorised or registered under the Insurance Act 2008 (of Tynwald) or holds a permit under that Act
a person who is registered under the Moneylenders Act 1991 (of Tynwald) to carry on the business of lending money
a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2008 (of Tynwald)

Under General Licence IOM/2022/RUS030 allows for the payments of bank fees and service charges. Under this licence:

A bank may take the payment of bank and service fees from accounts frozen under the Russia Regulations, arising from the routine holding or maintenance of those accounts. This includes taking payment for arrears of such fees. Payments to banks designated under the Russia Regulations are not permitted to take these payments
Persons incurring tax liabilities for making these payments can pay those tax liabilities to the Treasury

General

The permissions in General Licence IOM/2022/RUS030 do not authorise any act which the person carrying out the act knows, or has reasonable grounds for suspecting, will result in funds or economic resources being made available in breach of the Russia Regulations, save as permitted under licences granted under the Russia Regulations.

The General Licence takes effect from the date of issue and is of indefinite duration.

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Wed, 07 Sep 2022 12:20:11 GMT

This news release is issued to publicise the amendment of 1 entry and correction of 1 entry to the Russian sanctions regime.

On 6 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

Deleted information appears in [square brackets]. Additional information appears in italics.

The following entry has been amended and is still subject to an asset freeze:

Mikhail RAZVOZHAEV (Group ID: 13811)

DOB: 30/12/1980. POB: Krasnoyarsk, Russia (USSR) a.k.a: (1) RAZVOZHAEV, Mikhail, Vladimirovich (2) RAZVOZHAYEV, Mikhail, Vladimirovich Nationality: Russia Position: Acting “Governor” of Sevastopol Other Information: (UK Sanctions List Ref): RUS0231 (UK Statement of Reasons): Razvozhaev was appointed as acting “Governor of Sevastopol” by President Putin in July 2019. In this capacity, he has worked for further integration of the illegally annexed Crimean peninsula into the Russian Federation, including involvement in Russian-organised illegal local elections, and is as such responsible for actively supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty, and independence of Ukraine. (Gender): Male Listed on: 28/01/2020 UK Sanctions List Date Designated: 31/12/2020 Last Updated: [31/12/2020] 06/09/2022 Group ID: 13811.

The following entry has been corrected and is still subject to an asset freeze:

Pavel EZOUBOV (Group ID: 15268)

Name (non-Latin script): [Павла Езубова] Павел Езубов

DOB: 12/08/1975. a.k.a: EZUBOV, Pavel Nationality: (1) Cyprus (2) Russia Position: Associate of Oleg Deripaska Other Information: (UK Sanctions List Ref): RUS1333 (UK Statement of Reasons): Pavel EZOUBOV is associated with Oleg DERIPASKA. Oleg DERIPASKA is a Russian oligarch and businessman who was designated under the Russia (Sanctions) (EU Exit) Regulations 2019 for the purposes of an asset freeze, travel ban, and transport sanction by the United Kingdom, on 10th March 2022. DERIPASKA is or has been involved in obtaining a benefit from or supporting the Government of Russia by owning or controlling and working as a director in businesses in the Russian extractives and energy sectors, which are sectors of strategic significance to the Government of Russia. (Gender): Male Listed on: 13/04/2022 UK Sanctions List Date Designated: 13/04/2022 Last Updated: [13/04/2022] 06/09/2022 Group ID: 15268.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Fri, 02 Sep 2022 16:43:26 GMT

This news release is issued to publicise the amendment of 1 entry and correction of 1 entry to the Russian sanctions regime.

On 02 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

The following entry has been amended and is still subject to an asset freeze:

MCST JSC (Group ID: 15361)

The following entry has been corrected and is still subject to an asset freeze:

OOO VOLGA GROUP (Group ID: 15367)

Further details can be found in the Annex to this News Release.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Iraq

Fri, 02 Sep 2022 16:41:05 GMT

This news release is issued to publicise the removal of 1 entry under the Iraq Regime.

The Iraq (Sanctions) (EU Exit) Regulations 2020 (S.I. 2020/707) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in the former Government of Iraq and its state bodies, corporations or agencies. The Iraq (Sanctions) (EU Exit) Regulations 2020 have effect in the Isle of Man by the Iraq Sanctions (Application) Regulations 2020 [S.D. 2020/0500].

On 02 September 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

The following entry has been removed from the consolidated list and is no longer subject to an asset freeze.

Sahir BERHAN (Group ID: 8380)

Further details can be found in the annex to this news release.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Further details on the UN measures in respect of Iraq can be found on the relevant UN Sanctions Committee webpage.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Iraq and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Myanmar

Fri, 26 Aug 2022 09:30:42 GMT

This news release is issued to publicise the addition of 3 entries under the Myanmar Sanctions Regime.

The Myanmar (Sanctions) Regulations 2021 (S.I. 2021/496) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in undermining democracy, the rule of law or good governance in Myanmar; the repression of the civilian population in Myanmar; the commission of, or the obstruction of an independent investigation into, a serious human rights violation or abuse in Myanmar; the commission of a violation of international humanitarian law in Myanmar; the obstruction of a humanitarian assistance activity in Myanmar; any other action, policy or activity which threatens the peace, stability or security of Myanmar. The Myanmar (Sanctions) Regulations 2021 have effect in the Isle of Man by the Myanmar (Sanctions) (Isle of Man) Order 2021 [S.I. 2021/529].

On 24 August 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

The following entries have been added to the consolidated list and are now subject to an asset freeze:

INTERNATIONAL GATEWAYS GROUP OF COMPANIES LIMITED (Group ID: 15497)
SKY ONE CONSTRUCTION COMPANY LTD (Group ID: 15495)
STAR SAPPHIRE GROUP OF COMPANIES (Group ID: 15496)

Full details of the changes can be found in the attached Annex to this news release.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Myanmar and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia General Licence RUS029

Wed, 24 Aug 2022 17:29:59 GMT

General licence - IOM/2022/RUS029

The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.

On 23 August 2022, the Treasury issued General licence - IOM/2022/RUS029 under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019, as they apply to the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [SD 2020/0504] (“the Regulations”).

Any persons intending to use General Licence IOM/2022/RUS029 should consult the copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

General licence - IOM/2022/RUS029 allow Crown Servants, Contractors, & their Family Members to carry out activities in their personal capacity which would otherwise be prohibited.

For the purposes of General Licence IOM/2022/RUS029 a Crown Servant means an individual holding office or employment under the Crown.

A Contractor means an individual who is not a Crown Servant, but who has been contracted by the Crown to provide goods or services within or in relation to the Crown’s operations in Russia.

A Family Member means a member of the family forming part of the household of a Crown Servant or Contractor, namely:

(a) A spouse;

(b) A civil partner;

(d) Dependent children up to the age of 18, or up to the age of 21 and in full-time education.

A Visiting Family Member mean:

(a) The spouse of a Crown servant, or Contractor;

(b) The civil partner of a Crown servant, or Contractor;

(d) Any parent or other ascendant of:

(i) a Crown servant or Contractor; or,

(ii) the spouse, civil partner or established partner of a Crown servant or Contractor;

(e) Any child or other descendant of:

(i) a Crown servant or Contractor; or,

(ii) the spouse, civil partner or established partner of a Crown servant or contractor;

(f) Any individual who is a brother or sister of:

(i) a Crown servant or Contractor; or,

(ii) the spouse, civil partner or established partner of a Crown servant or contractor;

(iii) the child or other descendant of that individual (i.e. nephews and nieces etc)..

A Person is an individual, a body of persons corporate or unincorporate, any organisation or any association or combination of persons; and a Relevant Institution is:

a person who is licensed under the Financial Services Act 2008 (of Tynwald) to carry on a regulated activity within the meaning of section 3 of that Act;
a person who is authorised or registered under the Insurance Act 2008 (of Tynwald) or holds a permit under that Act;
a person who is registered under the Moneylenders Act 1991 (of Tynwald) to carry on the business of lending money;
a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2008 (of Tynwald)

Under General Licence IOM/2022/RUS029 and where Crown immunity does not apply to activities by reason of non-application of the Russia Regulations to the Crown, a Crown Servant, Contractor, Family Member or Visiting Family Member may carry out activities in their personal capacity in Russia which would otherwise be prohibited by regulations 11-15 and 17A of the Russia Regulations. In the case of a Visiting Family Member, the permission in paragraph 4.1 extends only to those activities which arise as a result of their being in Russia to visit the household of a Crown Servant or Contractor.

General

The permissions in General Licence IOM/2022/RUS029 which the person carrying out the act knows, or has reasonable grounds for suspecting, will result in funds or economic resources being made available in breach of The Russia Regulations, save as permitted under licences granted under the Russia Regulations.

The General Licence takes effect from the date of issue.

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia General Licence RUS006 amendment

Wed, 24 Aug 2022 17:17:53 GMT

General licences - IOM/2022/RUS006

The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.

On 23 August 2022, the Treasury amended the above General Licence under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019, as they apply to the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [SD 2020/0504] (“the Regulations”).

Any persons intending to use a General Licence should consult a copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

General licences - IOM/2022/RUS006 permits any subsidiary of VTB incorporated in the Isle of Man to make payments for basic needs including insurance premiums, property management services, remuneration, pensions of employees, tax, rent or mortgage. An IOM subsidiary may also make payments for, reasonable fees and service charges arising from routine holding and maintenance of frozen funds and economic resources. It also includes payments for professional fees and expenses associated with the provision of legal services.

This licence was amended on 8 April 2022 to broaden the actions that can be permitting to include receiving, processing and taking any other action regarding payments, Insolvency Proceedings, services, maintenance and fees relating to the IOM Subsidiary. It also extended the expiry date from March 2023 to April 2023.

This licence was amended again on 25 April 2022 to include Sberbank CIB (UK) Ltd.

On 23 August, General Licence IOM/2022/RUS006 was further amended to permit payments involving the Guernsey subsidiary of VTB, and VTB Bank (Europe) SE based in Germany.

Under General Licence IOM/2022/RUS006 the subsidiaries may make payments for:

their basic needs including: payment of insurance premiums; payment of reasonable fees for the provision of property management services; payment of remuneration, allowances or pensions of employees; payment of tax; payment of rent or mortgage payments; utility payments;
reasonable fees or reasonable service charges arising from the routine holding and maintenance of its frozen funds and economic resources;
reasonable professional fees for the provision of legal services or reasonable expenses associated with the provision of legal services.

Any person, including any subsidiary of VTB or Sberbank incorporated in the Isle of Man, or the Guernsey subsidiary of VTB, may also:

make, receive or process any payments, or take any other action, in connection with any Insolvency Proceedings relating to the UK Subsidiary and the Guernsey subsidiary.

A person may receive payments made in accordance with 1 to 4 above.

A relevant Institution may process payments in accordance with 1 to 4 above.

When payments are made under 1 to 3 above, the subsidiaries must provide written notice to the Treasury that it is conducting activity permitted under this licence and must supply the Treasury with its current, valid contact details within 7 days of making the payment. Notice may be provided by email to fiu@gov.im.

This notification does not constitute verification by the Treasury that activity purported to be permitted under this licence is permitted.

Record-keeping requirements

The subsidiaries making payments under this licence must keep accurate, complete and readable records, on paper or electronically, of any activity purporting to have been permitted under this licence for a minimum of 6 years.

General

The permissions in the above General Licence do not authorise any act which the person carrying out the act knows, or has reasonable grounds for suspecting, will result in funds or economic resources being made available in breach of the Russia Regulations, save as permitted under licences granted under The Russia Regulations.

General Licence IOM/2022/RUS006 takes effect in its amended form from the date of issue and expires on 03 April 2023.

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Wed, 24 Aug 2022 10:22:01 GMT

This news release is issued to publicise the removal of 1 entry, correction of 1 entry and amendment of 41 entries to the Russian sanctions regime.

On 23 August 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

The following entry has been removed from the consolidated list and is no longer subject to an asset freeze:

Mikhail Vladimirovich RAZVOZHAYEV (Group ID: 15488)

The following entry has been corrected and is still subject to an asset freeze:

Vladimir Olegovich POTANIN (Group ID: 15417)

41 entries have been amended on the consolidated list and remain subject to an asset freeze.

Further details can be found in the Annex to this News Release.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Sanctions General Licence

Mon, 22 Aug 2022 11:52:11 GMT

General licence - IOM/2022/SAN001

The Treasury has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018 (“the Sanctions Act”), as those Regulations have effect in the Isle of Man.

On 29 July 2022, the Treasury issued General licence - IOM/2022/SAN001 under all Autonomous Sanctions Regulations listed in Annex I of this notice. This allows only those individuals or entities designated under UK Sanctions Regimes that have effect on the Isle of Man to make payments to IOM insurers for insurance premiums and broker commissions relating to the provision of building and engineering insurance cover provided to Isle of Man or UK properties. This licence is not applicable to those also sanctioned by the United Nations. This licence also permits IOM insurers to make payments to Designated Persons due as a result of a successful claim made against an insurance policy provided by the IOM Insurer or refunds due as a result of any over payments made pursuant to this licence. A Relevant Institution can carry out any activity reasonably necessary to effect the permissions set out in this licence.

Any persons intending to use General licence - IOM/2022/SAN001 should consult the copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

For the purposes of General Licence IOM/2022/SAN001 buildings insurance means:

Insurance covering the cost of repairing damage to the structure of a property.

For the purposes of General Licence IOM/2022/SAN001 engineering insurance means:

Insurance against risks associated with erection, resting and working of any machinery, plant or equipment in commercial properties.

A Relevant Institution is:

a person who is licensed under the Financial Services Act 2008 (of Tynwald) to carry on a regulated activity within the meaning of section 3 of that Act;
a person who is authorised or registered under the Insurance Act 2008 (of Tynwald) or holds a permit under that Act;
a person who is registered under the Moneylenders Act 1991 (of Tynwald) to carry on the business of lending money;
a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2008 (of Tynwald)

General

The permissions in General Licence IOM/2022/SAN001 do not authorise any act which the person carrying out the act knows, or has reasonable grounds for suspecting, will result in funds or economic resources being made available in breach of the relevant UK autonomous sanctions Regulations, save as permitted under a licence granted under those Regulations.

The General Licence takes effect from the date of issue and is of indefinite duration.

Amendments

On 19 August 2022 General Licence IOM/2022/SAN001 was amended to include the following:

Terrorism Insurance, which for the purpose of this licence means insurance covering the cost of repairing damage to the structure of a property as a result of an act of terrorism
Property Owners’ Liability Insurance, which for the purpose of this licence means insurance covering claims made against landlords and property owners in respect of their legal liability for personal injury or property damage suffered by third parties and arising from the policyholder’s ownership of the property
Claims Preparation Costs Insurance, which for the purpose of this licence means insurance covering the cost of appointing a professional claims handler to deal with any claims made against an insurance policy permitted under this licence

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Annex I – Autonomous Sanctions Regulations Schedules

UK Regime	Has effect in the Isle of Man by…	Relevant Regulations
The Burundi (Sanctions) (EU Exit) Regulations 2019	Burundi Sanctions (Application) Regulations 2020 [SD 2020/0455]	Regulations 11 to 15
Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019	Counter-Terrorism (International) Sanctions (Application) Regulations 2020 [SD 2020/0501]	Regulations 11 to 15
The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019	Democratic People's Republic of Korea Sanctions (Application) Regulations 2020 [SD 2020/0502]	Regulations 13 to 17
Global Anti-Corruption Sanctions Regulations 2021	Global Anti-Corruption Sanctions (Isle of Man) Order 2021 [SI 2021/526]	Regulations 11 to 15
Global Human Rights Sanctions Regulations 2020	The Global Human Rights Sanctions (Isle of Man) Order 2020 [SI 2020/774]	Regulations 11 to 15
Guinea (Sanctions) (EU Exit) Regulations 2019	Guinea Sanctions (Application) Regulations 2020 [SD 2020/0448]	Regulations 11 to 15
Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019	Iran Sanctions (Nuclear) (Application) Regulations 2020 [SD 2020/0477]	Regulation 12 to 17
Iran Human Rights (Sanctions) (EU Exit) Regulations 2019	Iran Sanctions (Human Rights) (Application) Regulations 2020 [SD 2020/0472]	Regulations 11 to 15
Libya (Sanctions) (EU Exit) Regulations 2020	Libya Sanctions (Application) Regulations 2020 [SD 2020/0584]	Regulations 12 to 16
Myanmar (Sanctions) Regulations 2021	The Myanmar (Sanctions) (Isle of Man) Order 2021 [SI 2021/529]	Regulations 11 to 15
Nicaragua (Sanctions) (EU Exit) Regulations 2020	Nicaragua Sanctions (Application) Regulations 2020 [SD 2020/0449]	Regulations 11 to 15
Republic of Belarus (Sanctions) (EU Exit) Regulations 2019	The Republic of Belarus (Sanctions) (EU Exit) (Isle of Man) Order 2021 [SI 2021/1257]	Regulations 11 to 15
Republic of Guinea-Bissau (Sanctions) (EU Exit) Regulations 2019	Republic of Guinea-Bissau Sanctions (Application) Regulations 2020 [SD 2020/0447]	Regulations 11 to 15
Russia (Sanctions) (EU Exit) Regulations 2019	Russia Sanctions (Application) Regulations 2020 [SD 2020/0504]	Regulations 11 to 15
South Sudan (Sanctions) (EU Exit) Regulations 2019	South Sudan Sanctions (Application) Regulations 2020 [SD 2020/0476]	Regulations 12 to 16
Sudan (Sanctions) (EU Exit) Regulations 2020	Sudan Sanctions (Application) Regulations 2020 [SD 2020/0483]	Regulations 12 to 16
Syria (Sanctions) (EU Exit) Regulations 2019	Syria Sanctions (Application) Regulations 2020 [SD 2020/0503]	Regulations 11 to 15
Venezuela (Sanctions) (EU Exit) Regulations 2019	Venezuela Sanctions (Application) Regulations 2020 [SD 2020/0473]	Regulations 11 to 15
The Zimbabwe (Sanctions) (EU Exit) Regulations 2019	Zimbabwe Sanctions (Application) Regulations 2020 [SD 2020/0480]	Regulations 11 to 15

Financial Sanctions: Russia General Licence

Mon, 22 Aug 2022 11:47:50 GMT

General licence - IOM/2022/RUS019

The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.

On 11 May 2022, the Treasury issued General licence - IOM/2022/RUS019 under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019, as they apply to the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [SD 2020/0504] (“the Regulations”).

On 19 August 2022 General Licence IOM/2022/RUS019 was extended and now expires on 31 March 2023, allowing for the continued business operations of Evraz' North American subsidiaries.

Any persons intending to use General Licence IOM/2022/RUS019 should consult the copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

General licence - IOM/2022/RUS019 which allows for the continuation of business operations of the North American Subsidiaries specified below. The licence will expire on 2 September 2022.

For the purposes of General Licence IOM/2022/RUS019 the North American Subsidiaries are the following subsidiaries of Evraz plc:

Evraz North America plc;
Evraz Inc. NA; and
Evraz Inc. NA – Canada.

A Person is an individual, a body of persons corporate or unincorporate, any organisation or any association or combination of persons; and a Relevant Institution is:

a person who is licensed under the Financial Services Act 2008 (of Tynwald) to carry on a regulated activity within the meaning of section 3 of that Act;
a person who is authorised or registered under the Insurance Act 2008 (of Tynwald) or holds a permit under that Act;
a person who is registered under the Moneylenders Act 1991 (of Tynwald) to carry on the business of lending money;
a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2008 (of Tynwald)

Under General Licence IOM/2022/RUS019 a Person may continue business operations involving the North American Subsidiaries including, but not limited to: payments to or from the North American Subsidiaries under any obligations or contracts; payments to or from any third party under any obligations or contracts; and receipt of payments made by the North American Subsidiaries for audit services. Evraz North America plc is also permitted to pay for the audit services referred to in the previous sentence.

General

The permissions in General Licence IOM/2022/RUS019 do not authorise any act which the person carrying out the act knows, or has reasonable grounds for suspecting, will result in funds or economic resources being made available in breach of The Russia Regulations, save as permitted under licences granted under The Russia Regulations.

The General Licence takes effect from the date of issue and expires on 31 March 2023.

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia General Licence.

Wed, 17 Aug 2022 12:08:30 GMT

General licence - IOM/2022/RUS028

The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.

On 17 August 2022, the Treasury issued General licence - IOM/2022/RUS028 under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019, as they apply to the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [SD 2020/0504] (“the Regulations”).

Any persons intending to use General Licence IOM/2022/RUS028 should consult the copy of the Licence for full details of the permissions and usage requirements which can be found attached to this release.

General licence - IOM/2022/RUS028 allows payments to a Sanctioned Bank or any Subsidiary for the purpose of making energy available for use in Mongolia.

For the purposes of General Licence IOM/2022/RUS028 the Sanctioned Banks mean:

Credit Bank of Moscow;
Gazprombank;
Sberbank; and
Rosbank PJSC.

A Subsidiary is any entity owned or controlled by a Sanctioned Bank.

A Person is an individual, a body of persons corporate or unincorporate, any organisation or any association or combination of persons; and a Relevant Institution is:

a person who is licensed under the Financial Services Act 2008 (of Tynwald) to carry on a regulated activity within the meaning of section 3 of that Act;
a person who is authorised or registered under the Insurance Act 2008 (of Tynwald) or holds a permit under that Act;
a person who is registered under the Moneylenders Act 1991 (of Tynwald) to carry on the business of lending money;
a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2008 (of Tynwald)

Under General Licence IOM/2022/RUS028 a Person may continue to make payments to a Sanctioned Bank or any Subsidiary for the purpose of making energy available for use in Mongolia, and a Person, Relevant Institution, Sanctioned Bank or Subsidiary can carry out any activity reasonably necessary to effect this.

General

The permissions in General Licence IOM/2022/RUS028 do not authorise any act which will result in funds or economic resources being made available in breach of The Russia Regulations, save as permitted under licences granted under The Russia Regulations.

The General Licence takes effect from the date of issue and expires on 14 August 2023.

Further details of the sanctions regime related to Russia may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia

Tue, 09 Aug 2022 16:10:22 GMT

This news release is issued to publicise the amendment of 27 entries to the Russian sanctions regime.

On 09 August 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.

27 entries have been amended and are still subject to an asset freeze.

Further details can be found in the Annex to this News Release.

Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.