Tax, VAT and Your Money News

Each year around this time, the Isle of Man Office of Fair Trading (OFT) sees many new customers for its Debt Counselling Service. It's easy to understand why -...

The Department of Infrastructure is seeking to revise the charging structure for vehicle excise duty in the Isle of Man. Minister Phil Gawne MHK will ask...

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Kingdom of Lesotho entered into force on 3 January 2015. The...

This news release is issued in respect of the asset freezing measures relating to Libya. An asset freeze no longer applies to the individual listed below. As a...

Issue of Guidance Note by the European Commission The European Commission has published a guidance note in question and answer format on the implementation of...

Exports of Dual-Use Items Changes come into force from 31 December 2014 that affect exports from the Isle of Man and UK of dual-use items.  These follow...

Treasury Minister Eddie Teare MHK welcomed the announcement today (17 December 2014) of the Isle of Man’s unchanged Aa1 credit rating by Moody’s Investors...

If a corporate taxpayer fails to submit its income tax return by the due date, then they may become liable to a £250 late return penalty. As the Income Tax...

The Isle of Man has today published revised Guidance Notes relating to the Intergovernmental Agreements to Improve International Tax Compliance signed in 2013...

The latest Quarterly Economic Report to the Council of Ministers highlights the continued growth in the number of pensioners in the Isle of Man. The report,...