Tax, VAT and Your Money News

Sanctions Notice: Financial Sanctions: Sudan

This news release is issued in respect of the restrictive measures directed against Sudan. Annex I to Council Regulation (EU) No 2014/747 has been amended with...
Friday, 27 October 2017

Isle of Man announces assessment of practice for importation of aircraft

The Isle of Man Government has invited HM Treasury to conduct an assessment of the practice for the importation of business jets into the EU through the Isle of...
Tuesday, 24 October 2017

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

This news release is issued in respect of the restrictive measures directed against the Democratic People's Republic of Korea. Annex XV and XVI to  Council...
Thursday, 19 October 2017

Sanctions Notice: Financial Sanctions: Democratic People’s Republic of Korea (North Korea) (2)

This news release is issued in respect of the restrictive measures directed against the Democratic People's Republic of Korea. Annex XVI to  Council Regulation...
Thursday, 19 October 2017

New image-based system will speed up clearing of cheques

Treasury legislation that will significantly speed up the time taken to process cheques is set to come into effect on Monday 30 October 2017 to coincide with...
Wednesday, 18 October 2017

Sanctions Notice: European Union Sanctions: Mali

This news release is issued to publicise a new sanctions regime in respect of Mali. On 5 September 2017, the UN Security Council adopted Resolution 2374 that...
Tuesday, 17 October 2017

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

The Terrorism and Other Crime (Financial Restrictions) Act 2014 (“the Act”) implements the terrorist asset-freezing requirements of UN Security Council...
Monday, 16 October 2017

Treasury update regarding removal of UK round pound

Banks in the Isle of Man will continue to accept United Kingdom round pound coins after they cease to be legal tender at midnight on 15 October 2017. Treasury...
Thursday, 12 October 2017

New fraud legislation comes into effect on 1 November

New legislation that will enhance the Isle of Man’s reputation as a responsible international business centre comes into effect from 1 November 2017. The Fraud...
Thursday, 5 October 2017

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

This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations. Annex I to Council Regulation...
Monday, 2 October 2017