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Tax, VAT and Your Money News

Interest rates for VAT and other indirect taxes

This news release is issued to draw attention to an increase in interest rates from 13 April 2023. The rules relating to interest charges for late payment are...
Thursday, 23 March 2023

Sanctions Notice: Financial Sanctions: Russia

This news release is issued to publicise amendments to all persons designated under the Russian sanctions regime. The Russia (Sanctions) (EU Exit) Regulations...
Tuesday, 21 March 2023

Sanctions Notice: Financial Sanctions: Russia General Licence

General licence - IOM/2023/RUS040 The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of...
Tuesday, 21 March 2023

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

This news release is issued to publicise the amendment of 102 entries under the ISIL (Da’esh) and Al-Qaida Sanctions Regime. The ISIL (Da’esh) and Al-Qaida...
Monday, 20 March 2023

Sanctions Notice: Financial Sanctions: Iran (Human Rights)

This news release is issued to publicise the addition of 7 entries under the Iran (Human Rights) Sanctions Regime. The Iran (Sanctions) (Human Rights) (EU...
Monday, 20 March 2023

NI changes to come into effect next month

Following the approval of the Budget at February's sitting of Tynwald, a series of changes to National Insurance contributions will come into effect from 6...
Monday, 20 March 2023

Sanctions Notice: Financial Sanctions: Russia

This news release is issued to publicise the amendment of 1 entry, removal of 1 entry and delisting of 1 entry to the Russian sanctions regime. The Russia...
Friday, 17 March 2023

Sanctions Notice: Humanitarian Exception updates to Sanctions Guidance

The Treasury advises that 14 sanctions regimes guidance have been amended following changes to the statutory documents relating to the Humanitarian...
Thursday, 16 March 2023

Tobacco Duty Rate increases

This news release is issued to draw attention to an increase in duty rates for tobacco products from 6pm on 15 March 2023.  These changes will be implemented by...
Wednesday, 15 March 2023

Sanctions Notice: Financial Sanctions: Russia

This news release is issued to publicise the correction of 14 entries and amendment of 7 entries to the Russian sanctions regime. The Russia (Sanctions) (EU...
Monday, 13 March 2023
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