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Tax, VAT and Your Money News

New Requirements for Accounting Records & Updated Guidance on the Taxation of Distributions from Corporate Taxpayers

On 20 January 2017 new income tax regulations came into operation in the Isle of Man regarding the making and keeping of accounting records. The new regulations...
Wednesday, 26 April 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...
Thursday, 20 April 2017

Tax return deadline nears for employers and contractors

The 5 May 2017 deadline for submitting contractor’s and employer’s tax returns is now only two weeks away. If the Income Tax Division has not received the...
Thursday, 20 April 2017

New Factsheet being issued by the Customs and Excise Division to Businesses involved in International Trade

The Customs and Excise Division of the Treasury has published a new Factsheet which provides helpful guidance to businesses involved in international trade on...
Tuesday, 18 April 2017

Sanctions Notice: Financial Sanctions: Iran (Human Rights)

This news release is issued in respect of the asset-freezing measures directed against certain persons responsible for serious human rights violations in...
Thursday, 13 April 2017

Sanctions Notice: Financial Sanctions: Afghanistan

This news release is issued in respect of the restrictive measures in view of the situation in Afghanistan. The European Commission has amended Annex I to...
Wednesday, 12 April 2017

Sanctions Notice: Financial Sanctions: Ukraine

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...
Tuesday, 11 April 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 IV to Council Regulation...
Monday, 10 April 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. On 5 April 2017 a Corrigendum...
Friday, 7 April 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...
Thursday, 6 April 2017
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