Isle of Man Announces End of VAT Deferral

The Isle of Man Treasury has announced the end of the deferral of VAT payments provided to help support businesses with their cash flow during the COVID-19 pandemic.

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The end of the VAT deferral period

Thursday, 9 July 2020

This news release is issued to draw attention to the end of the VAT deferral period.

VAT payments could only be automatically deferred if they were:

• quarterly and monthly VAT return payments for the periods ending in FEBRUARY 2020, MARCH 2020 and APRIL 2020;
• ann…