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Isle of Man: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 30 September 2020

  • Businesses were automatically allowed to defer VAT payments due between 20 March and 30 June 2020 to 31 March 2021.
  • Businesses unable to pay VAT for other periods because of COVID-19 should contact Customs & Excise.
  • The Treasury Minister has also indicated a willingness by Government to consider deferring Income Tax and National Insurance on a case-by-case basis.
  • The UK’s temporary reduction in the VAT rate to 5% in the hospitality and leisure sectors applies to the Isle of Man. It is effective from 15 July 2020 to 12 January 2021.

Additional Information.