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Income Tax and National Insurance News

Income Tax apologises for e-mail error

The Income Tax Division of Treasury has apologised for an operational error which resulted in groups of its customers being able to see each other’s e-mail...
Thursday, 21 May 2015

Isle of Man removed from Italian blacklist

On 1 April 2015 the Italian Ministry of Economy and Finance removed the Isle of Man from its blacklist. The new list implements provisions, announced in the...
Friday, 17 April 2015

Online Corporate Tax Return Guide

Following approval at the February sitting of Tynwald a compulsory online filing regime will be introduced for companies with accounting periods ending on or...
Monday, 30 March 2015

Tax agreement with Lesotho comes into force

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Kingdom of Lesotho entered into force on 3 January 2015. The...
Tuesday, 6 January 2015

Important information regarding corporate income tax returns for accounting periods ended on 31 December 2013

If a corporate taxpayer fails to submit its income tax return by the due date, then they may become liable to a £250 late return penalty. As the Income Tax...
Wednesday, 17 December 2014

Intergovernmental Agreements to Improve International Tax Compliance

The Isle of Man has today published revised Guidance Notes relating to the Intergovernmental Agreements to Improve International Tax Compliance signed in 2013...
Monday, 15 December 2014

Isle of Man signs historic agreement towards global tax co-operation

Treasury Minister Eddie Teare MHK has signed an historic agreement in Berlin today placing the Isle of Man amongst the first group of countries in the world to...
Wednesday, 29 October 2014

Record number of online tax returns

Isle of Man Government has today announced that almost a quarter of all individual tax returns this year were submitted through the Government website –...
Friday, 24 October 2014

Tax agreement with Indonesia comes into force

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Republic of Indonesia entered into force on 22 September...
Tuesday, 21 October 2014

Tax agreement with Switzerland comes into force

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Swiss Confederation entered into force on 14 October 2014.  The...
Tuesday, 21 October 2014
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