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Tax, VAT and Your Money News

Consultation launched into ending the use of low value coins

Feedback is being sought on whether low value coins should be removed from circulation and how this could lead to the introduction of a rounding system for all...
Wednesday, 10 May 2023

Sanctions Notice: Financial Sanctions: Myanmar

This news release is issued to publicise the amendment of 1 entry under the Myanmar Sanctions Regime. The Myanmar (Sanctions) Regulations 2021 (S.I. 2021/496)...
Wednesday, 10 May 2023

VAT and duty accounts published ahead of May Tynwald

Detailed VAT and collected duty accounts have been published prior to being laid before the May sitting of Tynwald. Isle of Man Customs and Excise (IoMCE) are...
Thursday, 4 May 2023

Sanctions Notice: Import Notice: Russia

This news release is issued to publicise Notice to Importers NTI 2953: Russia import sanctions. On 30 March 2022 the UK Import Controls Policy and Licensing...
Wednesday, 3 May 2023

Sanctions Notice: Consolidate Legislation: Russia

The Treasury advises that the Russia Sanctions consolidated legislation has been amended following changes to the statutory documents relating to Russia trade...
Tuesday, 2 May 2023

Isle of Man reaffirms international commitment to combatting financial crime

Treasury Minister Dr Alex Allinson MHK formally reaffirmed the Isle of Man’s commitment to combatting financial crime at a high level MONEYVAL Ministerial...
Friday, 28 April 2023

Sanctions Notice: Financial Sanctions: ISIL (Da’esh) and Al-Qaida

This news release is issued to publicise the addition of 2 entries under the ISIL (Da’esh) and Al-Qaida Sanctions Regime. The ISIL (Da’esh) and Al-Qaida...
Thursday, 27 April 2023

Tax return deadline approaching for employers and contractors

The 5 May 2023 deadline for submitting employer’s and contractor’s tax returns is now just over a week away. If the Income Tax Division has not received the...
Tuesday, 25 April 2023

Financial Sanctions: Iran (Human Rights)

This news release is issued to publicise the addition of 4 entries under the Iran (Human Rights) Sanctions Regime. The Iran (Sanctions) (Human Rights) (EU...
Monday, 24 April 2023

Financial Sanctions: Counter-Terrorism (Domestic)

This news release is issued to publicise the addition of 1 entry under the Counter-Terrorism (Domestic) Sanctions Regime. The Counter-Terrorism (Sanctions) (EU...
Tuesday, 18 April 2023
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