The Isle of Man government has published a release from Treasury on penalties for taxpayers that have failed to pay deferred VAT liabilities or agree to a payment plan.

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The VAT deferral scheme (COVID) 2020, penalties for VAT registered traders who have not paid deferred VAT or agreed a Time to Pay plan

Friday, 16 July 2021

As at the 30th June 2021 the majority of VAT registered traders…

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