Policy paper

Isle of Man aircraft and yachts VAT review

HM Treasury鈥檚 review of Isle of Man Customs and Excise鈥檚 administration of VAT in relation to aircraft and yachts.

From:
HM Treasury and The Rt Hon Jesse Norman MP
Published
16 October 2019
This was published under the 2019 to 2022 Johnson Conservative government

Documents

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Details

Letter to Hon Howard Quayle MHK, Chief Minister of Isle of Man, enclosing HM Treasury鈥檚 review into Isle of Man Customs and Excise鈥檚 administration of VAT in relation to aircraft and yachts.

In 2017, the Isle of Man Government invited HM Treasury to carry out a review of its VAT rules and procedures regarding aircraft and yacht importations. The review finds that UK and EU VAT law had been correctly implemented in the Isle of Man but HM Treasury has recommended that Isle of Man Customs and Excise implement further post-registration compliance activities to ensure that the right amount of VAT continues to be collected.

Updates to this page

Published 16 October 2019

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