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Isle of Man Provides COVID-19 Penalty Relief and Deadline Extensions for Returns

02 April 2020

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Approved Changes

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Isle Of Man

The Isle of Man Treasury has issued a notice to taxpayers on penalty relief and deadlines extensions being provided for tax returns due to COVID-19. The main points are as follows: Individuals Where an individual has failed to submit their tax return for the year ended 5 April 2019 by 6 April 2020 a penalty of £200 would normally be issued. If the outstanding return is submitted no later than 5 June 2020 no further penalty will be issued. The Division requests that anyone who submits their 2019/20 tax returns in the forthcoming weeks or who has not received their...