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Isle of Man Adopts Regulations for VAT Flat Rate Scheme for Limited Cost Businesses

10 May 2017

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Approved Changes

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Isle Of Man

On 25 April 2017, the Isle of Man Tynwald (parliament) approved the Value Added Tax (Amendment) Regulations 2017 for the introduction of a 16.5% VAT flat rate scheme for limited costs business. As announced by the Isle of Man government at the end of March, the flat rate scheme applies from 1 April 2017.