Customs and Excise News
Financial Sanctions: Legal Services Fees - Russia General Licence
General licence - IOM/2024/RUS043Legal Services Fees
The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a...
Thursday, 5 December 2024
Interest rates for VAT and other indirect taxes
This news release is issued to draw attention to a decrease in interest rates from 25 November 2024.
The rules relating to interest charges for late payment...
Thursday, 7 November 2024
Indirect Taxes update following UK Budget
Following the deliverance of the UK’s Autumn Budget there are a number of upcoming changes to the Island’s indirect taxes to be aware of.
Most notably tobacco...
Thursday, 31 October 2024
Tobacco Duty Rate Increases
This news release is issued to draw attention to an increase in duty rates for tobacco products from 6pm on 30 October 2024. These changes will be implemented...
Wednesday, 30 October 2024
Amendments to Dual-use items Annexes to apply automatically in the Island
The Treasury advises that, subject to Tynwald approval in October, any changes made to the Annexes of the Regulations (EC) No 428/2009 of 5 May 2009 setting up...
Wednesday, 25 September 2024
Increase in maximum terms of imprisonment for indirect tax evasion
Some maximum imprisonment terms for indirect tax evasion is set to increase from 7 to 14 years if legislation is approved by Tynwald in October 2024.
The...
Wednesday, 18 September 2024
New VAT Webpages Launch
This news release is issued to publicise the launch of the redesigned VAT pages of the Customs and Excise website.
The updated website pages feature a new...
Thursday, 12 September 2024
Important Online Services update for all Taxpayers and Agents: Online Services portal back online
The Isle of Man Government's Customs & Immigration Division online services portal has been restored but the 'profile' tab is currently offline due to a...
Friday, 6 September 2024
Important Online Services Update for All Taxpayers and Agents: Primary Email Address Update Required
The Isle of Man Government's Customs & Immigration Division is making ongoing improvements to its Online Portal to better serve our users. As part of these...
Thursday, 15 August 2024
VAT: Removal of VAT exemption for private school and boarding fees
The Treasury advises that the VAT exemption for private school fees and boarding school fees will be removed with effect from 1 January 2025.
The UK Chancellor...
Thursday, 1 August 2024

