Tax, VAT and Your Money News

FATCA reporting deadline near

The 30 June 2015 deadline for Isle of Man Reporting Financial Institutions to submit their first US FATCA reports to the Income Tax Division is now less than...
Tuesday, 16 June 2015

Sanctions Notice: Financial Sanctions: Ukraine

This news release is issued in respect of measures taken against certain persons, entities and bodies in view of the situation in Ukraine. Annex I to Council...
Tuesday, 9 June 2015

Sanctions Notice: European Union Sanctions: Libya and Syria

On 5 June 2015, the following Orders were made and came into operation. The European Union (Libya Sanctions)(Application)(Amendment)(No.2) Order [SD 2015/0215]...
Monday, 8 June 2015

Sanctions Notice: Declarations of Cash Entering or Leaving the Island

With effect from 1 June 2015 the following items may be regarded as “cash” for the purposes of the requirement in Part VA of the Customs and Excise Management...
Monday, 1 June 2015

Sanctions Notice: European Union Sanctions – Central African Republic and South Sudan

On 29 May 2015, two new Orders applied in the Island recent EU Council Regulations which amended the sanctions regimes relating to the Central African Republic...
Monday, 1 June 2015

Sanctions Notice: Financial Sanctions: Syria

This news release is issued in respect of the restrictive measures directed against certain persons and entities in view of the situation in Syria. Annex II to...
Thursday, 21 May 2015

Income Tax apologises for e-mail error

The Income Tax Division of Treasury has apologised for an operational error which resulted in groups of its customers being able to see each other’s e-mail...
Thursday, 21 May 2015

Consultation supports change in the calculation and collection of rates

Treasury has published a report summarising responses to its consultation on the Reform of Domestic Rates. The consultation created considerable public...
Thursday, 21 May 2015

Capital programme well managed says Minister

Government's capital projects programme is well managed and only one scheme has gone over budget over the past four years, Treasury Minister Eddie Teare MHK...
Thursday, 21 May 2015

Sanctions Notice: United Nations and European Union Sanctions: Sudan and South Sudan

Sudan and South Sudan The Treasury advises that the European Union has adopted a new Council Regulation (EU) No 2015/735 that repeals and replaces previous...
Friday, 15 May 2015