Tax, VAT and Your Money News

Sanctions Notice: Financial Sanctions: Syria

This news release is issued to publicise a correction for two listings in the Syria regime, which brings the UK’s Consolidated List into line with Annex II to...
Friday, 10 July 2020

Financial Sanctions: Democratic People’s Republic of Korea (North Korea)

This news release is issued to correct an entry listing for the Democratic People's Republic of Korea sanctions regime. Council Regulation (EU) 2017/1509 has...
Friday, 10 July 2020

Sanctions Notice: Financial Sanctions: Libya

This news release is issued to correct an entry listed under the financial sanctions regime imposed on Libya. Council Regulation (EU) 204/2011 was amended so...
Friday, 10 July 2020

Financial Sanctions: Democratic Republic of the Congo

This news release is issued to correct two entries in respect of the Democratic Republic of the Congo. Council Regulation (EC) 1183/2005 has been amended so...
Friday, 10 July 2020

The end of the VAT deferral period

This news release is issued to draw attention to the end of the VAT deferral period. VAT payments could only be automatically deferred if they...
Thursday, 9 July 2020

Value Added Tax: Guidance on the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions

Further information on the temporary reduced rate of 5% VAT for the hospitality industry, holiday accommodation and on admission charges to attractions...
Thursday, 9 July 2020

VAT reduction on food and attractions to stimulate business

In order to stimulate business in the hospitality sector, the Isle of Man’s VAT rate on food and attractions will be reduced to 5% from Wednesday 15 July to...
Wednesday, 8 July 2020

Sanctions Notice: Financial Sanctions: Global Human Rights

The United Kingdom has introduced a new financial sanctions regime, which came into force on 6 July, imposing sanctions to deter those who are, or have been,...
Tuesday, 7 July 2020

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renewed the final designations of five individuals with effect from 6 July...
Tuesday, 7 July 2020

Value Added Tax: Extension of temporary zero rate for PPE

This news release is issued to advise that the temporary changes to the VAT treatment of personal protective equipment (PPE) has been extended to 31 October...
Friday, 3 July 2020