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Tax, VAT and Your Money News

Tax payments due on 6 January 2021

If you have received your 2019/20 personal tax assessments and 2020/21 payment on account notices, payments of any outstanding balances are due on 6 January...
Tuesday, 15 December 2020

Sanctions Notice: Financial Sanctions: Global Human Rights Regime

This news release is issued to publicise the addition of 11 new entries in the Global Human Sanctions regime. Details of the additions can be found in the...
Friday, 11 December 2020

Trade Based-Money Laundering Guidance – Notice 1000 MAN

On 9 December 2020, the FAFT-Egmont Group released a new report on Trade-Based Money Laundering. The Treasury have updated Notice 1000 MAN to link to this...
Thursday, 10 December 2020

Sanctions Notice: Financial Sanctions: Iraq

This news release is issued in respect of the restrictive measures directed against Iraq. Annexes III and IV to Council Regulation (EC) 1210/2003 has been...
Wednesday, 9 December 2020

Financial Sanctions: Sudan

This news release is issued to publicise a correction issued by HM Treasury’s Office of Financial Sanctions Implementation in respect of 4 listings in the Sudan...
Tuesday, 1 December 2020

Financial Sanctions: Afghanistan

This news release is issued to publicise a correction issued by HM Treasury’s Office of Financial Sanctions Implementation in respect of 15 listings in the...
Monday, 30 November 2020

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renewed the final designation of one individual with effect from 23 November...
Wednesday, 25 November 2020

Sanctions Notice: Financial Sanctions: Cyber-Attacks

This news release is issued to publicise amendments to two existing entries under the cyber-attacks financial sanctions regime. Annex I to Council Regulation...
Wednesday, 25 November 2020

VAT returns must be submitted online from 1 April 2021

VAT-registered businesses and individuals will be required to submit VAT returns online and make payments electronically from 1 April 2021.  Three-quarters...
Tuesday, 24 November 2020

Sanctions Notice: New Regulations applying UK Regulations concerned with sanctions measures coming into operation from 11pm on 31 December 2020

At the Tynwald sitting on 17 November 2020 Regulations applying United Kingdom Statutory Instruments made under the Sanctions and Anti-Money Laundering Act 2018...
Monday, 23 November 2020
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