The Isle of Man Department of Treasury has announced that, effective 8 January 2026, interest rates for late payments and repayments related to VAT and other indirect taxes are reduced from 6.50% and 3.00% to 6.25% and 2.75%, respectively.

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Decrease in interest rates for VAT and other indirect taxes

This news release is issued to draw attention to a decrease in interest rates from 8 Jan…