Isle of Man Customs and Excise News

Financial Sanctions: Democratic People’s Republic of Korea (North Korea)

Tue, 04 Aug 2020 09:16:53 GMT

This news release is issued in respect of the restrictive measures directed against the Democratic People's Republic of Korea.

Council Regulation (EU) 2017/1509 has been amended following the publication in the Official Journal of the European Union of Council Implementing Regulation (EU) 2020/1129 (“the Amending Regulation”). The Amending Regulation amended Annexes XV and XVI to Council Regulation (EU) 2017/1509 with effect from 1 August 2020.

Thirty seven entries in the Annex to this news release have had their identifying information amended and remain subject to an asset freeze.

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 and entities. 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 and entities 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 the Democratic People’s Republic of Korea and links to the Consolidated List of individuals and entities subject to these and other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Libya

Tue, 04 Aug 2020 08:59:49 GMT

This news release is issued in respect of the asset freezing measures relating to Libya.

Annex III to Council Regulation (EU) No 2016/44 has been amended with effect from 1 August 2020, following the publication of Council Implementing Regulation (EU) No 2020/1130 (“the Amending Regulation”). The Amending Regulation was made following a review of the list of designated persons and entities.

The following entry has been amended and are still subject to an asset freeze.

Amendments

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

Individual

GHWELL, Khalifa

DOB: (1) 01/01/1951 (2) 01/01/1956.

POB: Misurata, Libya

a.k.a: (1) AL GHWEIL, Khalifa (2) AL-GHAWAIL, Khalifa (3) GHAWIL, Khalifa, Mohamed

Nationality: Libya

Passport Details: (1) A005465 (Libya) issued 12 April 2015, expiresd 11 April 2017 (2) J690P666 (Libya), issued 12 June 2016, expires 11 June 2024

Address: Qasr Ahmed Street, Misurata, Libya

Other Information: EU listing. Not UN. Gender: male. Former so-called ‘Prime Minister and Defence Minister’ of the internationally unrecognised General National Congress (‘GNC’) (also known as the ‘National Salvation Government’). On 7 July 2015, showed his support for the Steadfastness Front (Alsomood), a new military force of 7 brigades to prevent a unity government from forming in Tripoli, by attending the signing ceremony to inaugurate the force with GNC ‘President’ Nuri Abu Sahmain. Played a central role in obstructing the establishment of the GNA established under the Libya Political Agreement. On 15 January 2016, ordered the arrest of any members of the new Security Team, appointed by the Prime Minister Designate of the Government of National Accord, who set foot in Tripoli.

Listed on: 01/04/2016 Last Updated: [14/07/2020] 03/08/2020 Group ID: 13347.

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. 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. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individual they are not required to report these details again.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 Libya and links to the UK’s Consolidated List of individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Cyber-Attacks

Mon, 03 Aug 2020 11:43:58 GMT

This news release is issued to publicise financial sanctions against cyber-attacks.

On 30 July 2020 Council Implementing Regulation (EU) 2020/1125 (“the Amending Regulation”) was published in the EU Official Journal. The Amending Regulation amended Annex I to Council Regulation (EU) 2019/796 so that an asset freeze now applies to the persons listed 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 Cyber-Attacks and other 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

Mon, 03 Aug 2020 10:10:18 GMT

This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations.

Annex I to Regulation (EU No 2016/1686 has been amended with effect from 30 July 2020, following the publication of Commission Implementing Regulation (EU) 2020/1124 (“the Amending Regulation”). The Amending Regulation reflects the decision to add 1 individual to the so-called EU terrorist list.

The following individual is now subject to an asset freeze.

Addition

Individual

D’ANCONA, Bryan

DOB: 26/01/1997.

POB: Nice, France

Nationality: French

Other Information: EU listing only.

Listed on: 31/07/2020 Last Updated: 31/07/2020 Group ID: 13902

Further details of the sanctions regime related to ISIL and Al-Qaida and links to the UK’s Consolidated List of individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Alcohol Duty – Wine and Made-wine, post duty point dilution

Thu, 30 Jul 2020 15:37:25 GMT

As previously notified in a news release issued on the 25March 2020, the Alcoholic Liquor Duties Act 1986 (Amendment) Order 2020 came into operation on 30 July 2020, but has effect from 1 April 2020.

This Order inserts a new section 51ZA into the Alcoholic Liquor Duties Act 1986 to introduce sanctions for post duty point dilution of wine or made-wine which, if carried out before the duty point would have resulted in a higher amount of duty being payable.

Excise duty on wine and made-wine is calculated on the volume and strength of the product. Calculating the duty and then increasing volume and reducing strength by dilution after the duty point, means that the amount of duty payable on the undiluted wine or made-wine can be less than that which would be calculated on the larger volume of the diluted final product.

From 1 April 2020, wine and made-wine producers will not be able to use post duty point dilution (‘PDPD’) to reduce the amount of excise duty they must pay. PDPD is prohibited for all other alcohol products, and this amendment will ensure fairness and equity for all alcohol producers.

The sanctions measures being introduced include civil penalties and forfeiture of the diluted product.

A made-wine is an alcoholic drink that is not classed as a spirit, beer, wine of fresh grape or cider. Examples include fruit wines and flavoured ciders.

Further details can be obtained by contacting the Advice Centre on 648130 or email customs@gov.im

European Union Sanctions – Yemen

Wed, 29 Jul 2020 09:41:40 GMT

This news release is issued in respect of the restrictive measures directed against Yemen.

This notice is issued to correct 5 listings in the Yemen regime. These amendments bring the consolidated list into line with Annex I to Council Regulation (EU) No 1352/2014 (“the regulation”).

Details of the amendments can be found in the attached Annex.

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

Financial Sanctions: ISIL (Da’esh) and Al-Qaida

Thu, 23 Jul 2020 17:01:31 GMT

This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations.

Annex I to Regulation (EC) No 881/2002 has been amended with effect from 23 July 2020, following the publication of Commission Implementing Regulation (EU) 2020/1082 (“the Amending Regulation”). The Amending Regulation reflects the decision made on 16 July 2020 by the United Nations Security Council (UNSC) Committee established pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) to add 1 individual to the UN ISIL (Da’esh) and Al-Qaida Organisations list.

The following individual is now subject to an asset freeze.

Addition

Individual

MEHSUD, Noor Wali

Title: Mufti

DOB: 26/06/1978.

POB: Gurguray, Pakistan

a.k.a: ASIM, Abu, Mansoor

Nationality: Pakistan

Position: Leader of Tehrik-e Taliban Pakistan (TTP) (QDe.132)

Other Information: UN Ref: QDi.427.

Listed on: 23/07/2020 Last Updated: 23/07/2020 Group ID: 13901.

Financial Sanctions: Global Human Rights Regime

Wed, 22 Jul 2020 11:08:20 GMT

This news release is issued to publicise a new global sanctions regime introduced to freeze the funds and economic resources of certain persons, entities or bodies responsible for or involved in serious violations of human rights. The new regime will target individuals and organisations rather than nations.

The Global Human Rights Sanctions (Isle of Man) Order 2020 (“2020 Order”) comes into operation on 22 July 2020. This Order extends, with modifications, the United Kingdom’s Global Human Rights Sanctions Regulations 2020 (“GHR Regulations”), to the Isle of Man from 22 July 2020. The GHR Regulations are the first Regulations to come into force in the United Kingdom under the Sanctions and Anti Money Laundering Act 2018.

The GHR Regulations establish a sanctions regime for the purpose of deterring, and providing accountability for, activities which, if carried out by or on behalf of a State, would amount to serious violations of certain human rights by that State.

The 2020 Order provides that a designated person in the UK is also a designated person in the Isle of Man. Designated persons may be excluded from the Isle of Man and may be made subject to financial sanctions, including having their funds or economic resources frozen. The list of designated persons is the same list published by the Office of Financial Sanctions Implementation:

Global Human Rights

The GHR Regulations, as they are extended to the Isle of Man, provide for certain exceptions to this sanctions regime (for example to allow for frozen accounts to be credited with interest or other earnings and to allow acts done for the purpose of national security or the prevention of serious crime). The Treasury may issue a licence in respect of activities that would otherwise be prohibited under the GHR Regulations.

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 Human Rights and links to the UK’s Consolidated List of individuals and entities subject to these and other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website.

VAT Retail Schemes

Tue, 21 Jul 2020 16:45:58 GMT

This news release is issued to draw attention to information released earlier today for catering businesses using retail schemes.

Catering businesses using retail schemes may have to alter their accounting systems for the period 15 July 2020 to 12 January 2021.

If you have a bespoke retail scheme agreement, you should review it and if you think an alteration is needed please contact the Advice Centre for further advice on +44 1624 648130 or at customs@gov.im

To find out more about the catering adaption, please read section 7 of in Notice 727.

Caterers using the direct calculation scheme

If all your sales are at the reduced rate then the reduced rate will apply to your daily gross takings during the period.

If you have mixed supplies and your till is not programmed to account for different rates then you may adopt the principles of the direct calculation scheme, if appropriate, to the standard rated goods. Otherwise you should make a fair and reasonable apportionment and retain your workings as part of your business records.

Value Added Tax: Reduced rate of 5%

Wed, 15 Jul 2020 11:52:22 GMT

Following on from announcements made by the Treasury on 8 and 9 July 2020, the temporary reduced rate of 5% for certain supplies made by the hospitality industry and admissions to shows and other attractions has now come into operation.

The necessary legislation to amend Schedule 1 to the Value Added Tax Act 1996 and modify regulation 55K of the Value Added Tax Regulations 1996 have been made.

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

Revenue and Customs Brief 10 (2020): temporary reduced rate of VAT for hospitality, holiday accommodation and attractions

VAT Notice 709/1: Catering and Takeaway Food

VAT Notice 701/14: Food products

VAT on admission charges to attractions

VAT Flat Rate Scheme

Notice 700: VAT Guide (Changes in tax rates and liability)

Customs and Excise Division

P.O. Box 6

Custom House

North Quay

Douglas

Isle of Man

IM99 1AG

Telephone:+44 1624 648130

Fax:+44 1624 661725

Email:Send Email

Financial Sanctions: Libya

Tue, 14 Jul 2020 15:52:43 GMT

This news release is issued to publicise a correction issued by HM Treasury’s Office of Financial Sanctions Implementation in respect of 49 listings in the Libya regime. These amendments bring the UK’s Consolidated List into line with Annex II and Annex III to Council Regulation (EU) No 2016/44.

The consolidated list for Libya can be accessed here

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

Financial Sanctions: Democratic Republic of the Congo

Fri, 10 Jul 2020 16:22:48 GMT

This news release is issued to correct two entries in respect of the Democratic Republic of the Congo.

Council Regulation (EC) 1183/2005 has been amended so that an asset freeze no longer applies to the following individuals

DELISTINGS

Individuals

KIBELISA, Roger

DOB: 09/09/1959.

POB: Fayala, DRC

a.k.a: NGAMBASWI, Roger, Kibelisa

Nationality: DRC

Address: 24, avenue Photopao, Kinshasa/Mont Ngafula, RDC.

Position: Interior Director of the National Intelligence Service (ANR)

Other Information: EU Listing. As Interior Director of the National Intelligence Service (ANR), Roger Kibelisa is involved in the intimidation campaign carried out by ANR officials towards opposition members, including arbitrary arrests and detention. Roger Kibelisa has therefore undermined the rule of law and obstructed a consensual and peaceful solution towards elections in DRC.

Listed on: 12/12/2016 Last Updated: [13/12/2018] 10/07/2020 Group ID: 13437.

MENDE, Lambert

DOB: 11/02/1953.

POB: Okolo, DRC

a.k.a: OMALANGA, Lambert, Mende

Nationality: DRC

Passport Details: Diplomatic passport DB0001939 (issued 04/05/2017 - expiring 03/05/2022)

Address: 20, avenue Kalongo, Kinshasa/Ngaliema, RDC.

Position: Minister of Communications and Media

Other Information: EU listing. Spokesperson of the Government

Listed on: 30/05/2017 Last Updated: [13/12/2018] 10/07/2020 Group ID: 13463.

Further details of the sanctions regime related to the Democratic Republic of the Congo and links to the Consolidated List of individuals and entities subject to these and other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Libya

Fri, 10 Jul 2020 16:10:50 GMT

This news release is issued to correct an entry listed under the financial sanctions regime imposed on Libya.

Council Regulation (EU) 204/2011 was amended so that an asset freeze no longer applies to the following individual.

DELISTING

Individual

ABDULHAFIZ, Mas'ud

Title: Colonel

DOB: 01/01/1937.

POB: Tripoli, Libya

a.k.a: ABDULHAFID, Massoud

Position: Armed Forces Commander

Other Information: EU listing. Not UN. 3rd in command of Armed Forces. Significant role in Military Intelligence.

Listed on: 03/03/2011 Last Updated: [10/03/2015] 10/07/2020 Group ID: 11641

Financial Sanctions: Democratic People’s Republic of Korea (North Korea)

Fri, 10 Jul 2020 15:27:55 GMT

This news release is issued to correct an entry listing for the Democratic People's Republic of Korea sanctions regime.

Council Regulation (EU) 2017/1509 has been amended so that an asset freeze no longer applies to the following person.

DELISTING

Individual

CHOL, Ri Pyong

DOB: --/--/1948.

Position: First Vice Director, Munitions Industry Department

Other Information: As First Vice Director of the Munitions Industry Department, holds a pivotal position within the DPRK's ballistic missile programme. Annex XIII.

Listed on: 16/10/2017 Last Updated: [18/07/2019] 10/07/2020 Group ID: 13546

Further details of the sanctions regime related to the Democratic People’s Republic of Korea (North Korea) and links to the UK’s Consolidated List of individuals and entities subject to these and other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website.

Financial Sanctions: Syria

Fri, 10 Jul 2020 15:07:37 GMT

This news release is issued to publicise a correction for two listings in the Syria regime, which brings the UK’s Consolidated List into line with Annex II to Council Regulation (EU) No 36/2012.

The following entry has been amended and remains subject to an asset freeze.

AMENDMENTS

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

Individual

AL-JARROUCHEH, Ahmed

DOB: --/--/1957.

a.k.a: (1) AL-JAROUCHA, Ahmad (2) AL-JAROUCHA, Ahmed (3) AL-JAROUCHAH, Ahmad (4) AL-JAROUCHAH, Ahmed (5) AL-JAROUCHEH, Ahmad (6) AL-JAROUCHEH, Ahmed (7) AL-JAROUSHA, Ahmad (8) AL-JAROUSHA, Ahmed (9) AL-JAROUSHEH, Ahmad (10) AL-JAROUSHEH, Ahmed (11) AL-JARROUCHEH, Ahmad

Other Information: Gender: male. Former Head of the foreign branch of General Intelligence (Branch 279). Responsible for General Intelligence arrangements in Syrian embassies.

Listed on: 24/07/2012 Last Updated: [04/06/2020] 10/07/2020 Group ID: 12724

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

Delisting

AL-FURAYJ, Fahd Jasim

DOB: 01/01/1950.

POB: Hama, Syria

a.k.a: (1) AL-FREIJ, Jasem (2) AL-FREIJ, Jasim (3) AL-FREIJ, Jassimm (4) AL-FURAYJ, Fahd, Jassem (5) AL-FURAYJ, Jasem (6) AL-FURAYJ, Jasim (7) AL-FURAYJ, Jassim

Other Information: Former Minister of Defence and Deputy Commander in Chief of the Syrian Armed Forces.

Listed on: 16/10/2012 Last Updated: [27/02/2018] 10/07/2020 Group ID: 12763

Further details of the sanctions regime related to Syria and links to the UK’s Consolidated List of Individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Value Added Tax: Guidance on the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions

Thu, 09 Jul 2020 15:41:19 GMT

Further information on the temporary reduced rate of 5% VAT for the hospitality industry, holiday accommodation and on admission charges to attractions announced yesterday has now been released.

A reduced rate of 5% for holiday accommodation already exists in the Isle of Man.

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

Revenue and Customs Brief 10 (2020): 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

The end of the VAT deferral period

Thu, 09 Jul 2020 09:09:00 GMT

This news release is issued to draw attention to the end of the VAT deferral period.

VAT payments could only be automatically deferred if they were:

quarterly and monthly VAT return payments for the periods ending in FEBRUARY 2020, MARCH 2020 and APRIL 2020;
annual accounting advance payments due between 20 March 2020 and 30 June 2020.

This means that you will need to submit returns as normal for May 2020 onwards on time and pay the VAT liability in full unless prior ‘time to pay’ arrangements have been agreed with the Debt Management Unit to meet this liability.

If you have any difficulty paying your VAT return please contact the Debt Management Unit on 648160 or dmu.customs@gov.im.

Financial Sanctions: Terrorism and Terrorist Financing

Tue, 07 Jul 2020 15:07:25 GMT

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renewed the final designations of five individuals with effect from 6 July 2020.

Renewal of Final Designation

Individuals

Date of Final Designation 6 July 2020

Individuals

Additional information is shown in italics. Deleted information is in square brackets.

SOLEIMANI, Qasem

Title: Major General DOB: 11/03/1957. POB: Qom, Iran a.k.a: (1) SALIMANI, Qasem (2) SOLAIMANI, Qasem (3) SOLEIMANY, Qasim (4) SOLEMANI, Qasem (5) SOLEYMANI, Ghasem (6) SOLEYMANI, Qasem (7) SULAIMANI, Qasem (8) SULAYMAN, Qasem (9) SULAYMAN, Qasmi (10) SULEMANI, Qasem Nationality: Iranian (Iranian citizenship) Passport Details: 008827 issued in Iran Position: Former Commander of the Iranian Revolutionary Guard Corps, IRGC - Qods Other Information: (Deceased). Both UK listing and EU listing under Terrorism and Terrorist Financing. [Promoted to Major General, retaining his position as Commander of Qods Force]. UN listing under Iran (nuclear proliferation). Male. UN Ref IRi.039. Also known as Haj Qasem, Haji Qassem and Sarder Soleimani. Listed on: 24/03/2007 Last Updated: [01/06/2020] 06/07/2020 Group ID: 9062.

ABDOLLAHI, Hamed

DOB: 11/08/1960. POB: Iran a.k.a: ABDULLAHI, Mustafa Nationality: Iranian citizenship Passport Details: D9004878 Other Information: Both UK listing and EU listing. Male. Listed on: 17/10/2011 Last Updated: [10/07/2019] 06/07/2020 Group ID: 1220.

ARBABSIAR, Manssor

DOB: (1) 15/03/1955. (2) 06/03/1955. POB: Iran a.k.a: ARBABSIAR, Mansour Nationality: Iranian national and US national/citizen Passport Details: (1) C2002515 (Iran) (2) 477845448 (USA) National Identification no: 07442833 (USA driving licence). Expiry date 15 Mar 2016. Address: United States of America. Other Information: Both UK listing and EU listing. Male. Listed on: 17/10/2011 Last Updated: [10/07/2019] 06/07/2020 Group ID: 12206.

SHAKURI, Ali Gholam

DOB: --/--/1965. Address: Tehran, Iran. Other Information: Both UK listing and EU listing. Male. Listed on: 17/10/2011 Last Updated: [10/07/2019] 06/07/2020 Group ID: 12207.

SHAHLAI, Abdul Reza

DOB: --/--/1957. POB: Iran a.k.a: (1) SHAHLAEE, Abdul-Reza (2) SHAHLA'I, Abdolreza (3) SHAHLAI, Abdorreza (4) SHALAI, Abd-al Reza (5) SHALA'I, Abdol, Reza Address: (1) Kermanshah, Iran.(2) Mehran Military Base, Ilam Province, Iran. Other Information: Both UK listing and EU listing. Male. Also referred to as Yusuf Abu-al-Karkh, Hajji Yasir, Hajj Yusef, Haji Yusif and Hajji Yusif. Listed on: 17/10/2011 Last Updated: [10/07/2019] 06/07/2020 Group ID: 12208.

Under the terms of section 24(1) of the Terrorism and Other Crime (Financial Restrictions) Act 2014 (the 2014 Act), where HM Treasury in the UK enacts a measure that is the equivalent of a freezing order or designation made under Division 2 of Part 2 of the 2014 Act, then that measure has effect in the Isle of Man as if it were a freezing order or designation made under the 2014 Act.

Therefore the Treasury requires institutions and businesses in the Island to check whether they hold any funds belonging to the entity freeze any such funds, and refrain from dealing in such funds or making them available to any person (unless permitted to do so under a licence granted by the Treasury).

Anyone finding any funds belonging to the individual must report their findings to the FIU together with any additional information that would facilitate compliance with the requirements of the 2014 Act. Any person with any information concerning any frozen assets must provide the FIU with any information that it may request. 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.

Part 4 of the 2014 Act contains details of how any person affected by a designation may apply to the High Court to have the decision of the designation set aside.

Further information is contained in the Terrorism and Financing of Terrorism Notice or can be obtained by contacting Customs and Excise

Financial Sanctions: Global Human Rights

Tue, 07 Jul 2020 14:52:08 GMT

The United Kingdom has introduced a new financial sanctions regime, which came into force on 6 July, imposing sanctions to deter those who are, or have been, involved in human rights’ violations. The Global Human Rights Sanctions Regulations 2020 are the first to come into operation under the UK’s Sanctions and Anti-Money Laundering Act 2018.

These Regulations do not yet have any legal force in the Isle of Man so Island businesses are not bound by the requirements of this sanctions regime; however, these Regulations will be extended to the Island and further details will be published shortly.

In the meantime, Island businesses should familiarise themselves with the requirements of the regime, including the list of designated persons and entities to whom the restrictions will apply.

Global human rights sanctions guidance

Value Added Tax: Extension of temporary zero rate for PPE

Fri, 03 Jul 2020 16:10:50 GMT

This news release is issued to advise that the temporary changes to the VAT treatment of personal protective equipment (PPE) has been extended to 31 October 2020. The decision will benefit all businesses and individuals, particularly in the healthcare and residential care sectors, that purchase PPE.

Further details of this measure can be found in Revenue and Customs Briefs 4/2020, VAT Health Guidance or by contacting the Advice Centre.