- Interest rates for VAT and other indirect taxes will decrease from 27 August 2025
- Change due to the Bank of England base rate decreasing to 4.25 percent
- Isle of Man aligns its tax management with the United Kingdom
- New late payment interest rate will be 6.50 percent
- New repayment interest rate will be 3.00 percent
- Timely payments avoid late payment interest
- Overpayments may qualify for repayment interest
Source: gov.im
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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