Tax, VAT and Your Money News

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...

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

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...

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,...

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

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...

This news release is issued in respect of the restrictive measures directed against Venezuela. Annex IV to Council Regulation (EU) No 2017/2063 has been...

A number of public counters reopen today (Monday), with hours in many cases reduced as officers continue to support the community in response to the Covid-19...

This news release is issued in respect of the restrictive measures directed by the Council of the European Union against Iran (Nuclear Proliferation). On 19...

This news release is issued to raise awareness of a change to partial exemption VAT treatment for businesses that supply goods on hire purchase agreements and...