The Isle of Man Treasury has announced a decrease in interest rates for VAT and other indirect taxes with effect from 20 August 2024.
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Interest rates for VAT and other indirect taxes
This news release is issued to draw attention to a decrease in interest rates from 20 August 2024.
The rules relating to interest charges for late payment are changing in the United Kingdom due to an increase of the Bank of England base rate to 5% from 5.25%. The Isle of Man Government has an agreement w…