Tax, VAT and Your Money News
Sanctions Notice: Financial Sanctions: Libya
This news release is issued in respect of the financial sanctions measures relating to Libya.
Annex V to Regulation (EU) No 2016/44 has been amended with...
Friday, 8 December 2017
New scam – Telephone calls from HMRC
The OFT is warning the public about a new scam, after being contacted by concerned Manx residents.
There is currently a telephone scam where a recorded message...
Thursday, 7 December 2017
Treasury inspectors target benefits cheats
The Treasury has revealed that benefits cheats falsely claimed more than £200,000 in the first half of the current financial year.
In addition, the...
Thursday, 7 December 2017
Sanctions Notice: Financial Sanctions: Iraq
This news release is issued in respect of the restrictive measures directed against Iraq.
On 24 November 2017, the United Nations Security Council Committee...
Tuesday, 5 December 2017
Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing
The Terrorism and Other Crime (Financial Restrictions) Act 2014 (“the Act”) implements the terrorist asset-freezing requirements of UN Security Council...
Tuesday, 5 December 2017
Isle of Man welcomes ECOFIN decision
The Isle of Man Government has welcomed the decision from European Finance Ministers not to place the Island on the list of non-cooperative jurisdictions for...
Tuesday, 5 December 2017
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...
Wednesday, 22 November 2017
Views sought on civil debt recovery proposals
The Treasury is formally consulting the public on options to reform civil debt recovery in the Isle of Man.
Civil debt arises from a legal judgment where...
Monday, 20 November 2017
Isle of Man retains top rating from OECD
The Isle of Man has retained its top ‘Compliant’ rating by the global body reviewing tax transparency around the world.
The OECD (Organisation for Economic...
Friday, 17 November 2017
Treasury warns of hoax emails and contact
The Income Tax Division of Treasury has recently been made aware that local residents have received emails purporting to be from the Division in relation to tax...
Thursday, 16 November 2017