Isle of Man Customs and Excise News

Tobacco Duty Rate increases

Wed, 27 Oct 2021 15:18:04 GMT

This news release is issued to draw attention to an increase in duty rates for tobacco products from 6pm on 27 October 2021. These changes will be implemented by the Tobacco Products Duty Act 1986 (Amendment) Order 2021 [SD 2021/0437].

The rates of most tobacco products will increase by Retail Price Index (RPI) (UK) plus 2%, with the rate for hand-rolling tobacco increasing by RPI (UK) plus 4%.

The Minimum Excise Tax has been uprated by an additional 1%, to 3% above RPI (UK) inflation.

These changes add:

a minimum of 63p to the price of a pack of 20 cigarettes depending on the value of the cigarettes
89p to a 30g pack of hand-rolling tobacco and
also increase the cost of cigars, pipe and chewing tobacco and tobacco for heating

For further information, please contact Isle of Man Customs and Excise on +44 1624 648190.

Financial Sanctions: Libya

Tue, 26 Oct 2021 14:42:49 GMT

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

On 26 October 2021 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 added and is now subject to an asset freeze.

IBRAHIM, Osama Al Kuni

Title: Manager of Al Nasr Detention Center in Zawiyah DOB: 04/04/1976. POB: Tripoli, Libya a.k.a: (1) AL KUNI, Osama (2) AL-MILAD, Osama (3) MILAD, Osama (4) ZAWIYA, Osama (5) ZAWIYAH, Osama Nationality: Libya Address: Zawiyah, Libya.

Other Information: (UK Sanctions List Ref):LIB0075 (UN Ref): LYi.029. (Further Identifying Information): As de facto manager of the Al Nasr detention center the person concerned has directly, and/or through subordinates engaged in or provided support to acts that violate applicable international human rights law, or acts that constitute human rights abuses in Libya. The Person concerned has acted for or on behalf of or at the direction of two listed individuals intrinsically linked to the human trafficking activities of the Zawiyah network, namely Mohamed Kashlaf (LYi.025) and Abdulrahman al Milad (LYi.026). Listed pursuant to paragraphs 15 and 17 of resolution 1970 (Travel Ban, Asset Freeze) INTERPOL-UN Security Council Special Notice.

Listed on: 26/10/2021 Last Updated: 26/10/2021 Group ID: 14142.

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, the designated individual. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, and suspend the provision of any financial services. You must also report your findings to the FIU. 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.

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

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.

Changes to who can use “Red” Diesel from 1 April 2022

Fri, 22 Oct 2021 16:24:48 GMT

From 1 April 2022, there will be changes to who can use rebated “red” diesel, and the reasons you can use it. A number of sectors, including the construction sector, will not be able to use red diesel in their vehicles, appliances or machinery from that date. These changes will come into effect in line with the changes proposed in the United Kingdom.

Who will be affected?

Businesses and individuals currently allowed to supply or use rebated “red” diesel and rebated biofuels.

Why are these changes happening?

Under the terms of the Customs and Excise Agreement the Isle of Man Government is required to keep the duty rates and reliefs available on hydrocarbon oils the same as those imposed in the United Kingdom.

In 2020, the United Kingdom government announced that it would remove the entitlement to use red diesel and rebated biodiesel from most sectors from April 2022, to help meet its climate change and air quality targets. The changes mean that most current users of red diesel will need to use unrebated “white” diesel, like motorists, which more fairly reflects the harmful impact of the emissions they produce. Removing most red diesel entitlements will also help to ensure that the tax system incentivises users of polluting fuels like diesel to improve the energy efficiency of their vehicles and machinery, invest in cleaner alternatives, or just use less fuel.

What is red diesel?

Otherwise known as rebated diesel, gas oil, off-road diesel or “tractor diesel”, red diesel is a fuel intended for use other than road fuel, and is therefore taxed at a lower rate, hence why it is cheaper. Due to its lower duty rate, there are strict legal requirements about when and how it can be used, which is why it is dyed red to help identify illegal use.

What is changing?

From 1 April 2022 onwards, you will only be able to use red diesel for the following purposes:

for vehicles and machinery used in agriculture, horticulture, fish farming and forestry. This includes allowing vehicles used for agriculture to be used for cutting verges and hedges, snow clearance and gritting roads;
for heating and electricity generation in non-commercial premises - this includes the heating of homes and buildings such as places of worship, hospitals and town halls; off-grid power generation; “non-commercial premises” can include premises being used to provide a public service that is not for a fee;
for maintaining community amateur sports clubs as well as golf courses (including activities such as ground maintenance, and the heating and lighting of clubhouses, changing rooms etc.);
as fuel for all marine craft refuelling and operating in the Island and the UK (including fishing and water freight industries), except for propelling private pleasure craft in Northern Ireland.

The measures will also:

extend fuel duty to biodiesel, bioblends and fuel substitutes used in heating, where previously it had not been subject to duty;
in relation to biodiesel etc., apply the lower duty rate to non-commercial heating and the full rate of duty to commercial heating.

Sectors and applications that don’t fall into the above categories will no longer be able to use red diesel from 1 April 2022. This will include sectors, for example, such as construction, mining and quarrying, ports, manufacturing, haulage (for transport refrigeration units on lorries), road maintenance, airport operations, plant hire, logistics and waste management.

What do I need to do if I will not be eligible to use red diesel from 1 April 2022?

If you will no longer be allowed to use red diesel from 1 April 2022, you are advised to run down your existing stocks before that date. You may need to review your weekly or monthly usage to determine how much red diesel you are likely to use by 31 March 2022, and plan how to manage any surplus stock. If you order supplies of red diesel between now and 1 April 2022 you should only order the amount you expect to use by that date.

Customs & Excise acknowledges that due to the requirement to maintain minimum fuel stock levels for safety reasons and operational requirements, fully duty-paid fuel may be put into and mixed with existing stocks of red diesel in storage tanks. As such, there may be a red indicator in the tank beyond 1 April 2022.

Customs & Excise may carry out checks on storage tanks, and on vehicles, machines and appliances using diesel to confirm the correct fuel is being used. If, after 1 April 2022, we find traces of fuel markers in the fuel supply of a vehicle or machine that is not allowed to use it, you may be asked to provide evidence to demonstrate that any rebated fuel was put in before the rules changed and is still being used up. You should be able to demonstrate that you have been refilling with the correct fuel since the rules changed by retaining invoices or receipts showing purchase of fully duty-paid diesel/biofuels.

Further information will be provided prior to 1 April 2022, but in the meantime if you have any queries please contact Customs and Excise on 648190.

Disclosure of Avoidance Schemes for VAT and other indirect taxes

Mon, 18 Oct 2021 14:03:30 GMT

The way avoidance schemes for VAT and other indirect taxes are notified to the Treasury is being reformed from 1 November 2021.

From this date the primary responsibility for disclosing schemes to the Treasury will be on scheme promoters.

Any arrangements or a proposal for arrangements are notifiable and must be disclosed to the Treasury where:

they enable or might be expected to enable any person to get a tax advantage in relation to indirect taxes
that tax advantage is, or might be expected to be, the main benefit or one of the main benefits
they fall within any description (the ‘hallmarks’) prescribed

Penalties can apply if notifiable proposals or arrangements are not disclosed accurately and at the right time..

The indirect taxes are:

Value Added Tax
Gambling duty
Machine Games duty
Lottery duty
Air passenger duty
Hydrocarbon oil duty
Tobacco products duty
Duties on spirits, beer, wine, made-wine and cider
soft drinks industry levy and
customs duties

These rules reflect changes already in force in the United Kingdom and more information can be found in VAT Notice 799. Please note that where the Notice states 1 January 2018, that should be read as 1 November 2021 for Isle of Man purposes, and where the Notice states to send information to HMRC, this should be read as the Customs and Excise Division of the Treasury.

The Notice explains what is meant by 'notifiable arrangements'and 'tax advantage', when you may need to disclose, and how to disclose.

You can also contact the Customs and Excise VAT Advice Centre on +44 1624 648130.

Financial Sanctions: Syria

Thu, 30 Sep 2021 15:40:37 GMT

This news release is issued to publicise the delisting of 5 names from the Syria sanctions regime.

On 30 September 2021 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under regulations made under the Sanctions Act .

The following entries under the Syria sanctions regime have been removed and are no longer subject to an asset freeze:

Nizar AL ASSAD (Group ID: 12041)
Ahmad AL QADRI (Group ID: 12986)
Mohammad Maen Zein-al-Abadin JAZBA (Group ID: 13777)
Ali Habib MAHMOUD (Group ID: 12024)
Salam TOHME (Group ID: 13622)

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

Further details of the sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Russia General Licence

Thu, 30 Sep 2021 15:35:14 GMT

General licence - IOM/2021/RUS001

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

On 30 September 2021, the Treasury issued General Licence IOM/2021/RUS001 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/2021/RUS001 should consult the copy of the Licence for full details of the permissions and usage requirements.

Under General Licence IOM/2021/RUS001 -

a Person may make payment(s) out of non-frozen funds to the Crimean Sea Ports for services provided at the ports of Kerch Fishery Port, Yalta Commercial Port and Evpatoria Commercial Port, and for services provided by Gosgidrografiya and by Port-Terminal branches of the Crimean Sea Ports;
a Person may be reimbursed out of non-frozen funds for payments it makes in accordance with the above;
relevant institutions may process payments made in accordance with the above.

The permissions in General Licence IOM/2021/RUS001 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 Regulations, save as permitted under licences granted under the Regulations.

General Licence IOM/2021/RUS001 takes effect from 30 September 2021 and may be varied, revoked, or suspended by the Treasury at any time.

Reporting requirement

Any activity conducted under General Licence IOM/2021/RUS001 must be reported to the Treasury within 14 days, with details and supporting evidence.

Record-keeping requirements

Persons 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.

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: Iraq

Thu, 23 Sep 2021 12:04:07 GMT

This news release is issued to publicise the removal of an entry under the Iraq sanctions 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 [SD 2020/0500].

On 22 September 2021 the Foreign, Commonwealth and Development Office updated the UK Sanctions List.

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

BAGHDAD STOCK EXCHANGE (Group ID: 8066)

Full details can be found in the attached Annex.

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

Financial Sanctions: Iraq

Thu, 09 Sep 2021 15:53:40 GMT

This news release is issued to publicise the removal of 28 entries under the Iraq sanctions regime.

On 9 September 2021, the Foreign, Commonwealth and Development Office updated the UK Sanctions List following a decision by the UN Security Council to remove 28 entries from its sanctions list. The UK’s Consolidated List has also been updated.

The 28 entries removed from the UK’s Consolidated List are no longer subject to an asset freeze. Details can be found in the attached Annex.

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: ISIL (Da’esh) and Al-Qaida

Tue, 07 Sep 2021 15:13:09 GMT

This news release is issued to publicise the removal of one entry under the ISIL (Da’esh) and Al-Qaida sanctions regime.

The ISIL (Da’esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 [S.I. 2020/466] 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 associated with ISIL (Da’esh) or Al-Qaida. The ISIL (Da’esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Isle of Man by the ISIL (Da’esh) and Al-Qaida (United Nations) Sanctions (Application)Regulations 2020 [SD 2020/0478].

On 7 September 2021, the Foreign, Commonwealth and Development Office updated the UK Sanctions List. Following its publication information on the UK’s Consolidated List has also been updated.

The following entry has been removed from the UK’s Consolidated List and is no longer subject to an asset freeze.

Khalifa Muhammad Turki AL-SUBAIY (Group ID: 10747)

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

Further details of the sanctions regime related to ISIL (Da’esh) and Al-Qaida and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Plastic Packaging Tax

Fri, 03 Sep 2021 12:47:53 GMT

The Treasury has published draft legislation introducing a new plastic packaging tax which will come into operation on 1 April 2022.

This is a new tax that will apply to plastic packaging manufactured in, or imported into, the Island and the UK, that does not contain at least 30% recycled plastic. Plastic packaging is packaging that is predominantly plastic by weight. The tax will be charged at a rate of £200 per metric tonne of plastic packaging.

Guidance on the tax and the draft legislation can be found on our Legislation for Customs and VAT page.

The Treasury does not anticipate that this tax will have any significant impact on Island businesses; however, if you are a business who manufactures plastic packaging on the Island, or imports plastic packaging from a country other than the United Kingdom, the Customs and Excise Division would like to hear from you.

Contact details:

Tel: +44 01624 648109

Email: customs@gov.im

Financial Sanctions: Myanmar

Thu, 02 Sep 2021 13:42:55 GMT

This news release is issued to publicise two new designations under the Myanmar sanctions regime.

The Myanmar Sanctions Regulations 2021 [SI 2021/496] (“the Myanmar Regulations”) have effect in the Isle of Man by the Myanmar (Sanctions) (Isle of Man) Order 2021 [SI 2021/529].

The Myanmar Regulations establish a sanctions regime for the purpose of promoting the peace, stability and security of Myanmar, respect for democracy, the rule of law and to discourage repression of the civil population as well as respect for human rights in Myanmar.

On 2 September 2021, the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under regulations made under the Sanctions Act.

The following entries have been added and are now subject to an asset freeze.

Tay ZA (Group ID: 14139)

HTOO GROUP OF COMPANIES (Group ID: 14140)

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

Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated individual and entity. If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the FIU.

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

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: Chemical Weapons

Fri, 20 Aug 2021 13:38:12 GMT

Seven individuals have been added to the Chemical Weapons financial sanctions regime.

The Chemical Weapons (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/618) 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 proliferation and use of chemical weapons. The Regulations, were applied in Island law by the Chemical Weapons Sanctions (Application) Regulations 2020 [SD 2020/0452].

On 20 August 2021 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under regulations made under the Sanctions Act.

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

Alexey Alexandrov (Group ID: 14132)
Vladimir Panyaev (Group ID: 14133)
Ivan Vladimirovich Osipov (Group ID: 14134)
Vladimir Mikhailovich Bogdanov (Group ID: 14135)
Kirill Vasilyev (Group ID: 14136)
Stanislav Valentinovich Makshakov (Group ID: 14137)
Alexei Semenovich Sedov (Group ID: 14138)

Details of the additions can be found in the Annex to this news release.

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

Further details of the sanctions regime related to Chemical Weapons 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: Belarus

Thu, 12 Aug 2021 17:24:28 GMT

This news release is issued to correct four listings in the Belarus sanctions regime.

The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/600) 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 unresolved disappearances of four individuals in 1999 and 2000. The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 have effect in the Island by means of the Republic of Belarus Sanctions (Application) Regulations 2020 [SD 2020/0479].

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

Mikhail Safarbekovich GUTSERIEV (Group ID: 14131)

Alexander Grigorievich LUKASHENKO (Group ID: 13918)

Viktor Aliaksandravich LUKASHENKO (Group ID: 13919)

Igor Petrovich SERGEENKO (Group ID: 13920)

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

Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated individuals. If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the FIU. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated persons, they are not required to report these details again.

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

Financial Sanctions: Syria

Thu, 12 Aug 2021 16:54:29 GMT

This news release is issued to publicise the removal of one entry under the Syria sanctions regime.

The Syria (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/792) 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 repressing the civilian population in Syria or who is or has been involved in supporting or benefitting from the Syrian regime and who are or have been carrying on prohibited activities related to chemical weapons. The Syria (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Syria Sanctions(Application) Regulations 2020 [SD 2020/0503].

On 12 August 2021 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under regulations made under the Sanctions Act .

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

Tarif AKHRAS (Group ID: 12060)

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

Further details of the sanctions regime related to Syria 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: Global Anti-Corruption Sanctions Regime

Thu, 12 Aug 2021 15:05:44 GMT

This news release is issued to publicise a correction to two entries under the Global Anti-Corruption sanctions regime.

The Global Anti-Corruption Sanctions (Isle of Man) Order 2021 extended with modifications, the United Kingdom’s Global Anti-Corruption Sanctions Regulations 2021.

The Global Anti-Corruption Sanctions Regulations 2021 [S.I. 2021/488] (the Regulations) 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 responsible for or involved in serious corruption.

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

Alvaro Enrique PULIDO VARGAS (Group ID: 14129)

Alex Nain SAAB MORAN (Group ID: 14128)

Full details can be found in the attached Annex.

Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated individuals. If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the FIU. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individuals, they are not required to report these details again.

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

Further details of the sanctions regime related to Global Anti-Corruption and links to other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website

Notice to Importers and Exporters on new trade sanctions imposed on the Republic of Belarus

Wed, 11 Aug 2021 16:18:23 GMT

The United Kingdom Government has issued two new notices providing further details on new trade sanctions imposed on the Republic of Belarus.

Notice to Importers 2952: Belarus import sanctions i.e. import prohibitions in force on certain goods originating or consigned from Belarus.

Notice to exporters 2021/09: new UK trade sanctions on Belarus i.e. new trade sanctions measures imposed on the Republic of Belarus following amendments to the UK’s Belarus Sanctions Regulations.

These new provisions do not have effect in the Isle of Man at this time, however businesses should be aware of the amendments, as this may impact business conducted with UK businesses and trade in goods imported or exported via the United Kingdom. Equivalent provisions will be made in the Isle of Man in due course with further details to follow.

Further information can be found by contacting Customs and Excise or by accessing the guidance and links on our Sanctions and Export Control webpage.

Financial Sanctions: Belarus

Mon, 09 Aug 2021 14:53:02 GMT

The United Kingdom has today made amendments to the Republic of Belarus Sanctions regime imposing new sanctions on Belarus.

New prohibitions and restrictions have been introduced in the United Kingdom, which include —

restrictions imposed on dealing with certain financial instruments, providing loans and credit and providing insurance and reinsurance services
restrictions imposed in relation to trade in —
- interception and monitoring goods and technology and services
- dual-use goods and technology
- goods for the tobacco industry
- petroleum products and potash
- restrictions imposed in relation to the provision of technical assistance relating to aircraft.

The guidance in the United Kingdom has been updated.

New powers are also introduced permitting the Secretary of State, air traffic control and airport operators to make directions for the purpose of preventing certain aircraft from entering the airspace over the United Kingdom or from landing in the United Kingdom, requiring aircraft to leave the airspace over the United Kingdom.

These new provisions do not have effect in the Isle of Man at this time; however, businesses should be aware of the amendments, as this may impact business conducted with UK businesses and trade in goods imported or exported via the United Kingdom. Equivalent provisions will be made in the Isle of Man in due course with further details to follow.

In addition the UK Sanctions List has been updated, with the addition of one person who is now subject to an asset freeze:

Mikhail Safarbekovich GUTSERIEV (Group ID: 14131)

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

Natalia Nikolayevna EISMONT (Group ID: 13993)
Viktor Gennadevich KHRENIN (Group ID:14113)
Ivan Vladimirovich KUBRAKOV (Group ID: 13936)
Alexander Grigorievich LUKASHENKO (Group ID: 13918)
Viktor Aliaksandravich LUKASHENKO (Group ID: 13919)
Igor Petrovich SERGEENKO (Group ID: 13920)
Ivan Stanislavovich TERTEL (Group ID: 13985)

Full details can be found in the attached Annex.

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

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

VAT reduced rate for certain supplies of catering and admission to shows and other attractions from 1 October 2021

Fri, 06 Aug 2021 09:17:46 GMT

Change in temporary VAT reduced rate for certain supplies of catering and admission to shows and other attractions from 1 October 2021

The temporary VAT rate reduction for certain supplies in the course of catering and admission to shows and other attractions will change on 1 October 2021. The VAT rate will increase from 5% to 12.5% and remain in operation until 31 March 2022.

This measure is designed to provide ongoing support to business most severely impacted by the coronavirus pandemic and follows equivalent changes being made to VAT law in the UK.

Further information can be found in the following publications or by contacting the Advice Centre on 648130 or at customs@gov.im :

Revenue and Customs Brief 2 (2021) temporary reduced rate of VAT for hospitality, holiday accommodation and attractions.

VAT on admission charges to attractions

VAT Notice 709/1: Catering, takeaway food

VAT Notice 701/14: Food Products

General licence - IOM/2021/BEL001

Thu, 05 Aug 2021 09:35:37 GMT

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

On 4 August 2021, the Treasury issued General Licence IOM/2021/BEL001 under Regulation 32 of The Belarus (Sanctions) (EU Exit) Regulations 2019, as those Regulations have effect in the Isle of Man by the Republic of Belarus Sanctions (Application) Regulations 2020 [SD 2020/0479] (“the Regulations”).

Any persons intending to use General Licence IOM/2021/BEL001 should consult the copy of the Licence on this page for full details of the permissions and usage requirements.

Under General Licence IOM/2021/BEL001 in an emergency an aircraft operator may make payment(s) directly or via an intermediary to Belaeronavigatsia for air traffic services.

The permissions in General Licence IOM/2021/BEL001 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 Regulations, save as permitted under licences granted under the Regulations.

General Licence IOM/2021/BEL001 takes effect from 4 August 2021 and may be varied, revoked, or suspended by the Treasury at any time.

Reporting requirement

Any activity conducted under General Licence IOM/2021/BELOO1 must be reported to the Treasury within 14 days, with details and supporting evidence.

Record-keeping requirements

Persons 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.

Financial Sanctions: Global Anti-Corruption Sanctions Regime

Thu, 22 Jul 2021 14:53:31 GMT

This news release is issued to publicise the addition of five entries under the Global Anti-Corruption sanctions regime.

The Global Anti-Corruption Sanctions (Isle of Man) Order 2021 extended with modifications, the United Kingdom’s Global Anti-Corruption Sanctions Regulations 2021.

The Global Anti-Corruption Sanctions Regulations 2021 [S.I. 2021/488] 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 responsible for or involved in serious corruption.

On 22 July 2021 the Foreign, Commonwealth and Development Office updated the UK Sanctions List.

The following 5 individuals have been added to the List and are now subject to an asset freeze.

Nawfal Hammadi AL-SULTAN (Group ID: 14130)

Teodoro NGUEMA OBIANG MANGUE (Group ID: 14127)

Alvaro Enrique PULIDO VARGAS (Group ID: 14129)

Alex Nain SAAB MORAN (Group ID: 14128)

Kudakwashe Regimond TAGWIREI (Group ID: 14126)

Full details can be found in the attached Annex.

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

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