On 27 February 2006, the Income Tax Division published its response to the October 2005 consultation on the new corporate income tax regime for Manx companies The current intentions of the Treasury are as follows: -   to bring all companies (including companies ceasing to be tax exempt) onto a current year accounts period basis of assessment; -   to introduce a fixed penalty regime for late filing of tax returns; -   not to require payments of tax on account before the end of the accounting period; -   to continue to require new companies to complete a questionnaire...