The Isle of Man government has published a release from Treasury on penalties for taxpayers that have failed to pay deferred VAT liabilities or agree to a payment plan. --- The VAT deferral scheme (COVID) 2020, penalties for VAT registered traders who have not paid deferred VAT or agreed a Time to Pay plan Friday, 16 July 2021 As at the 30th June 2021 the majority of VAT registered traders who deferred paying their VAT in 2020 have now either paid or agreed a Time to Pay plan with the Isle of Man Treasury. There are still a small number...