Our Island Plan

Tax, VAT and Your Money News

Sanctions Lists Update Russia

This news release is issued to publicise the removal of one entry and correction of one entry on the UK sanctions list. On 4 June 2026 the Foreign,...
Monday, 8 June 2026

Sanctions Lists Update: Global Anti-Corruption

This news release is issued to publicise the amendment of 1 entry on the UK sanctions list. On 2 June 2026 the Foreign, Commonwealth and Development Office...
Tuesday, 2 June 2026

Sanctions Lists Update: Global Irregular Migration

This news release is issued to publicise the correction of 4 entries on the UK sanctions list. On 28 May 2026 the Foreign, Commonwealth and Development Office...
Friday, 29 May 2026

UK Government launches ‘call for input’ on potential tariff suspensions

The UK Government has launched a call for input on proposed temporary tariff suspensions aimed at mitigating the impact of rising costs linked to the conflict...
Wednesday, 27 May 2026

Fun and fuel VAT boost for Isle of Man families and businesses

Families in the Isle of Man will pay less for days out this summer, as a temporary VAT reduction on selected activities comes into effect from 25 June...
Tuesday, 26 May 2026

Sanctions Lists Update: Russia

This news release is issued to publicise the addition of eighteen entries on the UK sanctions list. On 26 May 2026 the Foreign, Commonwealth and Development...
Tuesday, 26 May 2026

Temporary VAT reduction on activities

From 25 June 2026 to 1 September 2026 (inclusive), the UK government has announced a temporary reduction in VAT on selected family activities to help ease the...
Friday, 22 May 2026

Sanctions Lists Update: ISIL (Da’esh) and Al-Qaida

This news release is issued to publicise the removal of seven entries on the UN sanctions list. On 22 May 2026 the United Nations Security Council updated the...
Friday, 22 May 2026

Fuel duty reduction to be extended until 31 December 2026

It has been confirmed that the temporary reduction in fuel duty will be extended providing continued support to motorists and businesses. The reduction was...
Thursday, 21 May 2026

Changes will modernise National Insurance agreement with UK

A new agreement between the Isle of Man and United Kingdom is set to modernise National Insurance rules and clarify where people working in either jurisdiction...
Thursday, 21 May 2026
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