The Isle of Man Department of Treasury has announced that starting 25 November 2024, interest rates for late payments and repayments related to VAT and other indirect taxes will be reduced to 7.25% and 3.75%, respectively. --- Interest rates for VAT and other indirect taxes Thursday, 7 November 2024 This news release is issued to draw attention to a decrease in interest rates from 25 November 2024. The rules relating to interest charges for late payment are changing in the United Kingdom due to a decrease of the Bank of England base rate to 4.75% from 5%. The Isle of...