Industry News

Thriving Isle Of Man Economy

31 March, 2011

Further to the budget speech Anne Craine, Treasury Minister, welcomed further growth evidence and praised the business community as evidence of the Island’s economy continued to show growth.

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Jersey Government Reduces the Low Value Consignment Relief

30 March, 2011

Presently goods imported from any non-EU country with a value of less than GBP 18 do not attract UK VAT. As from November 2011 the Chancellor’s announcement reduces the threshold level at which VAT will be levied from GBP 18 to GBP 15.

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Belize Budget shows No New Taxes

17 March, 2011

Prime Minister, Dean Barrow, in a discussion prior to the budget report said that the government was not planning any new taxes for the coming fiscal year as tax revenues were bouncing back.

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UK taxes contractors more than most

17 March, 2011

According to a report by the Adam Smith Institute, UK contractors are working in one of the highest taxed countries in the world.

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Isle of Man Propose to Amend Financial Services Act

10 March, 2011

Since its inception in 2008, the first proposed amendments to the Financial Services and Collective Investment Scheme Act has been announced by the Isle of Man’s Financial Supervision Commission (FSC).

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Guidance On Savings Tax Disclosure Published by Isle of Man

25 February, 2011

The Isle of Man Treasury, Income Tax Division, has published guidance on the application of the European Savings Directive, and as from the July 1, 2011 the Isle of Man's move to automatic exchange of tax information will be instituted.

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Move to keep Zero-Ten by Jersey and Isle of Man

19 February, 2011

According to a press release in February both the governments of Jersey and the Isle of Man announced their intentions that the controversial corporate tax regime would stay, but changes would be made to one part of it – deemed distribution – which has been ruled harmful by European policy makers.

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Isle of Man’s contribution to UK economy recognized by City MP

10 February, 2011

The Isle of Man’s value of contribution to the British economy via the City of London was highlighted by Mark Field, City MP, when he delivered the Chief Minister’s International Lecture on February 3, 2011.

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Multiple Tax Treaties Approved by Luxembourg

09 February, 2011

In February 2011 Luxembourg’s governing council adopted a bill providing for the approval of bilateral tax agreements with Barbados and Panama.

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Income Tax Report dismissed by St Kitts Prime Minister

28 January, 2011

Denzil Douglas, Prime Minister of Saint Kitts and Nevis, denied that Personal Income Taxation is to be re-introduced in the twin-island federation.

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