Tax, VAT and Your Money News
Delay in abolition of Class 2 self-employed contributions
The Treasury Minister, Alfred Cannan MHK, has announced a delay of 12 months in the abolition of Class 2 self-employed National Insurance contributions,...
Thursday, 9 November 2017
Isle of Man ratifies new OECD tax treaty
The Isle of Man and Austria are the first countries to ratify a new international treaty against tax avoidance by multinational companies.
The Isle of Man...
Wednesday, 1 November 2017
Sanctions Notice: Financial Sanctions: Libya
This news release is issued in respect of the financial sanctions measures relating to Libya.
Annex V to Regulation (EU) No 2016/44 has been amended with...
Tuesday, 31 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
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
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
Tax agreement with Turkey enters into force
The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Republic of Turkey enters into force on 7 October...
Friday, 29 September 2017
Tax deadline just over one week away
With just one week to go until the October 6 deadline for the submission of personal income tax returns, Treasury has announced extra assistance to help people...
Wednesday, 27 September 2017
More taxpayers are going online
The number of taxpayers discovering the benefits of submitting their personal income tax returns online continues to grow.
With less than one month to go...
Monday, 11 September 2017