Tax, VAT and Your Money News
Sanctions Notice: Export Control (Amendment) Order 2018 (Application) Order 2018
The Treasury advises that the above Order has been made and comes into operation on 5 March 2018. It makes amendments to existing export control legislation in...
Friday, 2 March 2018
Sanctions Notice: Financial Sanctions: Venezuela
This news release is issued in respect of the restrictive measures directed against Venezuela.
Council Regulation (EU) 2017/2063 imposing financial sanctions...
Thursday, 1 March 2018
Removal of UK round pound coins on 28 February 2018
Isle of Man residents are being reminded that United Kingdom round pound coins will no longer be accepted as a form of payment for services and retail purchases...
Monday, 26 February 2018
2018/19 notices of coding
In his Budget speech last week, the Treasury Minister announced changes in income tax personal allowances as follows:
Personal...
Monday, 26 February 2018
Annual Earnings Survey
Full-time earnings rose last year by 3.9%, but fell very slightly by 0.1% when adjusted for inflation, according to statistics contained in the Government’s...
Friday, 23 February 2018
Value Added Tax Act 1996 (Amendment) Order 2018
The Treasury advises that the above Order has been made and comes into operation on 1 March 2018, and introduces a new penalty against participation in VAT...
Friday, 23 February 2018
Spending equates to £12,667 per person
Total Government spending projected for 2018-19 equates to around £12,667 per head for every man, woman and child of the Island’s population.
This per person...
Tuesday, 20 February 2018
Soft Drinks Industry Levy (SDIL)
The Treasury Minister has confirmed today that the introduction of the Soft Drinks Industry Levy (SDIL) on the Island has been postponed for one year until 1...
Tuesday, 20 February 2018
A Budget of substance for an Island of substance
Highlighting the growth of our diverse economy and meeting the financial challenges facing both the Government and Island citizens were the key themes when...
Tuesday, 20 February 2018
Proposed pensions freedoms consultation responses published
At the July 2017 sitting of Tynwald, the Treasury Minister announced the launch of a public consultation concerning the proposed introduction of a new pension...
Tuesday, 20 February 2018