Tax, VAT and Your Money News

FCDO and OFSI have issued joint ownership and control guidance relating to public officials and control in UK sanctions regimes

The Treasury advises that on 17 November 2023 the Foreign Commonwealth and Development Office (FCDO) and the Office of Financial Sanctions Implementation (OFSI)...
Friday, 17 November 2023

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

This news release is issued to publicise the amendment of 4 entries under the ISIL (Da’esh) and Al-Qaida Sanctions Regime. The ISIL (Da’esh) and Al-Qaida...
Thursday, 16 November 2023

Financial Sanctions: Russia

This news release is issued to publicise the amendment of 1 entry under the Russian sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I....
Wednesday, 15 November 2023

Financial Sanctions: Iran (Nuclear)

This news release is issued to publicise the amendment of 1 entry under the Iran (Nuclear) Sanctions Regime. The Iran (Sanctions) (Nuclear) (EU Exit)...
Wednesday, 15 November 2023

Financial Sanctions: Counter-Terrorism (International)

This news release is issued to publicise the addition of 6 entries under the Counter-Terrorism (International) Sanctions Regime. The Counter-Terrorism...
Tuesday, 14 November 2023

VAT: Temporary Zero-Rate for Drugs and Medicines Dispensed under a Patient Group Direction

This news release is issued to draw attention to a temporary change in the VAT rate for supplies of certain drugs and medicines. The VAT legislation relating...
Monday, 13 November 2023

Isle of Man aligned with international tax community on crypto-asset reporting

The Isle of Man today joined 47 other jurisdictions in committing to implement a new international standard on the automatic exchange of information between tax...
Friday, 10 November 2023

Financial Sanctions: Russia

This news release is issued to publicise the removal of 1 entry under the Russian sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I....
Thursday, 9 November 2023

Sanctions: NCA issues red alert on Gold-based Financial and Trade Sanctions Circumvention

The Treasury advises that on 8 November 2023 the UK's National Crime Agency (NCA) issued a red alert to financial institutions and other members of the...
Thursday, 9 November 2023

Financial Sanctions: Russia

This news release is issued to publicise the addition of 29 entries under the Russian sanctions regime. The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I....
Wednesday, 8 November 2023