Isle of Man Treasury Announces Reduction in Interest Rates for Late Payments, Repayments of VAT

The Isle of Man Treasury Aug. 11 announced reduced interest rates for late payments and repayments of VAT and other indirect taxes, from Aug. 27. The announcement includes reductions to: 1) 6.50 percent from 6.75 percent for the late payment interest rate; and 2) 3.00 percent from 3.25 percent for the repayment interest rate. The rate reductions are required under an agreement to align with the management and administration of VAT and other indirect taxes in the U.K. [Isle of Man, Treasury Department, 08/11/25]

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