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Tax, VAT and Your Money News

Budget 2024 at a glance

Key rises in the following benefits: Pensioners Under the ‘triple lock’ uprating – the basic state retirement pension and Manx state pension increase by...
Tuesday, 20 February 2024

Spending equates to £16,343 per person

Total Government gross spending projected for 2024-25 equates to around £16,343 per head of the Island’s population. This per person figure includes: £4,863...
Tuesday, 20 February 2024

Speech: Treasury Minister’s Budget Speech 2024

Mr President It is indeed an honour to be able to present to this Honourable Court the Budget today. I would like to thank all the Treasury staff who have...
Tuesday, 20 February 2024

New Tax Strategy will support aims of Our Island Plan

Tynwald Members will debate a proposed tax strategy aimed at supporting the objectives of Our Island Plan at the March sitting.  2024-26 Tax Strategy has been...
Tuesday, 20 February 2024

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....
Monday, 12 February 2024

Public Notice: Financial Sanctions: Global Human Rights

This news release is issued to publicise the addition of 4 entries under the Global Human Rights Sanctions Regime. The Global Human Rights Sanctions...
Monday, 12 February 2024

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

This news release is issued to publicise the amendment of 85 entries under the ISIL (Da’esh) and Al-Qaida Sanctions Regime. The ISIL (Da’esh) and Al-Qaida...
Thursday, 8 February 2024

VAT: Scope of temporary zero-rate of VAT for energy-saving materials is widened

The Treasury advises that the scope of the temporary zero-rate of value added tax for the supply and installation of energy-saving materials has been widened to...
Wednesday, 7 February 2024

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....
Tuesday, 6 February 2024

Financial Sanctions: Libya

This news release is issued to publicise the amendment of 1 entry under the Libya Sanctions Regime. The Libya (Sanctions) (EU Exit) Regulations 2020 (S.I....
Friday, 2 February 2024
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