Our Island Plan

Tax, VAT and Your Money News

Isle of Man’s global taxation measures endorsed by OECD

Taxation changes introduced by the Isle of Man Government in response to new international standards have been granted qualified status by the Organization for...
Wednesday, 20 August 2025

Financial Sanctions: Democratic Republic of the Congo

This news release is issued to publicise the removal of one entry under the Democratic Republic of the Congo sanctions regime. The Democratic Republic of the...
Friday, 15 August 2025

Financial Sanctions: Global Irregular Migration and Trafficking in Persons

This news release is issued to publicise the amendment of one entry under the Global Irregular Migration and Trafficking in Persons sanctions regime. The...
Wednesday, 13 August 2025

Financial Sanctions: Global Irregular Migration and Trafficking in Persons

This news release is issued to publicise the amendment of one entry under the Global Irregular Migration and Trafficking in Persons sanctions regime. The...
Tuesday, 12 August 2025

Financial Sanctions: Cyber

This news release is issued to publicise the amendment of two entries and removal of two duplicate entries under the Cyber sanctions regime. The Cyber...
Tuesday, 12 August 2025

Decrease in interest rates for VAT and other indirect taxes

This news release is issued to draw attention to a decrease in interest rates from 27 August 2025.  The rules relating to interest charges for late payment are...
Monday, 11 August 2025

Financial Sanctions: Iraq

This news release is issued to publicise the amendment of 1 entry under the Iraq sanctions regime. The Iraq (Sanctions) (EU Exit) Regulations 2020 have effect...
Wednesday, 6 August 2025

Financial Sanctions: Russia

This news release is issued to publicise the amendment of one entry under the Russia sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 have...
Thursday, 31 July 2025

Financial Sanctions: Russia General Licence IOM/2022/RUS018

General licence – IOM/2022/RUS018 The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of...
Tuesday, 29 July 2025

Customs and Excise Acts (Application) (Amendment) Order 2025

With effect from Friday 1 August 2025, the Customs and Excise Acts (Application) (Amendment) Order 2025 will come into operation, which amendments certain...
Monday, 28 July 2025
Back to top