Tax, VAT and Your Money News

Income Tax Cap

The Income Tax Division of Treasury has today issued Guidance Note GN 51 “Income Tax Cap” which explains the changes that were made to the income tax cap regime...
Tuesday, 27 May 2014

Sanctions Notice: Financial Sanctions - Ivory Coast

This news release is issued in respect of the restrictive measures directed against Ivory Coast. Annex IA to Council Regulation (EC) No 560/2005 has been...
Wednesday, 14 May 2014

Sanctions Notice: European Union Sanctions - Ukraine

This news release is issued in respect of the EU financial measures taken against certain persons in respect of actions undermining or threatening the...
Wednesday, 14 May 2014

Proposal document issued

In the Treasury Minister’s 2014 Budget speech, he stated that he would ask the Assessor of Income Tax to introduce a compulsory online filing requirement for...
Monday, 12 May 2014

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

The Terrorist Asset-Freezing Etc. Act 2010 (of Parliament), as it applies in the Isle of Man, implements the terrorist asset-freezing requirements of UN...
Friday, 9 May 2014

Actuary's projections show NI Fund empty in 40 years

The Island’s National Insurance Fund is heading for exhaustion sooner than previously projected, according to a report from the UK Government Actuary’s...
Friday, 9 May 2014

Clarification - National Insurance for the over 70s

During the House of Keys sitting on 6 May 2014 the Treasury Minister, Eddie Teare MHK, said, when answering a supplementary question on National Insurance...
Friday, 9 May 2014

Sanctions Notice: Financial Sanctions: Al-Qaida

This news release is issued in respect of the restrictive measures directed against certain persons and entities associated with the Al-Qaida network. Annex I...
Wednesday, 7 May 2014

Sanctions Notice: Financial Sanctions - Ukraine

This news release is issued in respect of the EU financial measures taken against certain persons in respect of actions undermining or threatening the...
Tuesday, 29 April 2014

Review of Beneficial Ownership regime

Chief Minister Allan Bell MHK has confirmed that the business community will be consulted in the ongoing review of the Island’s beneficial ownership regime...
Monday, 28 April 2014