Covid-19 Coronavirus

Tax, VAT and Your Money News

Closure of Income Tax Division’s public counter

The Income Tax Division’s public counter on the second floor of Government Office has been closed until further notice. The team is committed to protecting the...
Wednesday, 25 March 2020

Sanctions Notice: Financial Sanctions: Egypt

This news release is issued in respect of the restrictive measures directed against certain persons and entities in relation to Egypt. Following the...
Tuesday, 24 March 2020

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renwed the final designation of one individual with effect from 23 March...
Tuesday, 24 March 2020

Coronavirus – VAT deferred payments

During a Press Conference at 10 am on 23 March 2020, the Treasury Minister announced the following measures in relation to VAT payments. To assist businesses...
Monday, 23 March 2020

Coronavirus (COVID-19) – How to contact the Income Tax Division

The Income Tax Division is committed to ensuring that the welfare and safety of our customers and staff is our top priority in these unprecedented times. As we...
Friday, 20 March 2020

Sanctions Notice: Financial Sanctions: Democratic Republic of the Congo

This news release is issued in respect of financial sanctions imposed against the Democratic Republic of the Congo. Annex I to Council Regulation (EC) No...
Friday, 20 March 2020

Sanctions Notice: Financial Sanctions: Ukraine(Sovereignty and Territorial Integrity)

This news release is issued in respect of measures taken against certain persons, entities and bodies in view of the situation in Ukraine. Annex I to Council...
Thursday, 19 March 2020

Treasury Minister issues assurance to business community

Treasury Minister Alfred Cannan MHK has today issued assurance to the business community that a huge amount of work is taking place to establish support...
Thursday, 19 March 2020

Cash Accounting Scheme

The scheme allows you to account for VAT (output tax) on your sales on the basis of payments you receive, rather than on tax invoices you issue. This is...
Thursday, 19 March 2020

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 Regulation (EC) No...
Thursday, 12 March 2020
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