Our Island Plan

Tax, VAT and Your Money News

Financial Sanctions: Adoption of UK General Licences

Adoption of UK General licences The Treasury has today issued a new Notice which sets out the list of United Kingdom General Licences ('UK GL'), relating to...
Wednesday, 4 March 2026

Sanctions Update: Russia

This news release is issued to publicise the removal of one entry under the Russia sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 have...
Tuesday, 3 March 2026

Reminder: Air Passenger Duty rates to increase from 1 April 2026

Air Passenger Duty ('APD') is a tax applied to outbound flights from the Isle of Man. It is charged per adult passenger and is included in the price of your...
Tuesday, 3 March 2026

Plastic Packaging Tax rate to increase from 1 April 2026

Plastic packaging tax is an indirect tax applied to plastic packaging components produced in, or imported into, the Island. The aim of the tax is to reduce...
Tuesday, 3 March 2026

Soft Drinks Industry Levy rates to increase from 1 April 2026

The Soft Drinks Industry Levy applies to the production and importation of soft drinks containing added sugar. The levy applies to drinks with 5g or more of...
Tuesday, 3 March 2026

Sanctions Update: Global Anti-Corruption

This news release is issued to publicise the amendment of one entry under the Global Anti-Corruption sanctions regime. The Global Anti-Corruption Sanctions...
Monday, 2 March 2026

Sanctions Update: ISIL (Da'esh) and Al-Qaida

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 (United...
Monday, 2 March 2026

Sanctions Update: Sudan

This news release is issued to publicise the addition of four entries under the Sudan sanctions regime. The Sudan (Sanctions) (EU Exit) Regulations 2020 have...
Wednesday, 25 February 2026

UK–India Free Trade Agreement: Register to Complete Origin Declarations

The UK-India Free Trade Agreement establishes a preferential trade framework governing trade in goods between the United Kingdom and India. To qualify for...
Wednesday, 25 February 2026

Sanctions Update: Russia

This news release is issued to publicise the addition of two hundred and forty entities, seven individuals and fifty ships under the Russia sanctions...
Tuesday, 24 February 2026
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