Tax, VAT and Your Money News
Budget provides focus on a sustainable future
Treasury Minister Alfred Cannan MHK today unveiled a Budget of Focus to enable the Isle of Man Government to meet its fiscal plan, grow the economy, deliver...
Tuesday, 18 February 2020
Capital programme to provide platform for growth
A capital programme set at £159 million will focus spending on a range of schemes aimed at delivering a lasting legacy for the people of the Isle of...
Tuesday, 18 February 2020
Spending equates to £13,220 per person
Total Government gross spending projected for 2020-21 equates to around £13,220 per head for every man, woman and child of the Island’s population*.
This per...
Tuesday, 18 February 2020
Budget 2020 at a glance
An increase to the personal income tax allowance of £250 to £14,250 will lift 465 people out of the tax net and reduce income tax by up to £50 for individuals...
Tuesday, 18 February 2020
Financial Sanctions: Iraq
This news release is issued in respect of the restrictive measures directed against Iraq.
Annexe III to Council Regulation (EC) 1210/2003 has been amended with...
Tuesday, 21 January 2020
Value Added Tax: Treatment of cross-border chain-transactions
The Treasury advises that the Value Added Tax (Place of Supply of Goods)(Amendment) Order 2020 and Value Added Tax (Amendment) Regulations 2020 have been made...
Friday, 17 January 2020
Terrorism and Other Crime (Financial Restrictions) Act 2014 – Andrey Lugovoy and Dmitri Kovtun
On 19 January 2020 the Andrey Lugovoy and Dmitri Kovtun Freezing Order 2020 [SI 2020 No. 36] (“the UK Order”) comes into force. This Order renews the...
Friday, 17 January 2020
Changes to VAT law in relation to cross-border transactions
This news release publicises proposed changes to VAT law in relation to cross-border transactions between member States, specifically to call-off stock...
Monday, 13 January 2020
Sanctions Notice: Financial Sanctions: Mali
This news release is issued in respect of the restrictive measures directed against Mali.
Annex I to Council Regulation (EU) No 2017/1770 has been amended with...
Wednesday, 8 January 2020
Important information - deadline for corporate income tax returns for accounting periods ended 31 December 2018
Corporate taxpayers are advised that the effective final deadline for submission of income tax returns for accounting periods ended 31 December 2018 is midnight...
Thursday, 2 January 2020
