The Isle of Man Treasury has announced the implementation of improvement for managing indirect tax affairs through a new IT system from October 2022.
The Customs and Excise team is improving the way individuals and businesses can administer their indirect taxes such as VAT, customs and excise duties, gambling duty and air passenger duty.
A new IT system is being introduced to deliver the changes, which will be incorporated into the Isle of Man Government’s Online Services facility later this year, under the Customs and Excise button.
Customers will be presented with improved online functionality to manage their affairs more effectively.
Implementation will begin in October 2022 and will involve VAT-registered traders only. All other indirect tax regimes will be part of a second phase, which is expected to commence in 2023.
Source Orbitax
