The Isle of Man’s Bribery Bill 2012 is expected to come into force in 2013 and replaces the existing Corruption Act 2008. The main change in the Bill is to introduce an offence of failing to prevent bribery, based on the provisions in the UK Act, where an organisation may be liable for acts committed by […]
Read MoreFATCA – inter-governmental agreements for crown dependencies
FATCA – inter-governmental agreements for crown dependencies – On Tuesday, 9 October 2012 the three Crown Dependencies, Guernsey, Jersey and the Isle of Man, each announced their intention to negotiate an inter-governmental agreement (“IGA”) with the US regarding the implementation of the US Foreign Account Tax Compliance Act (“FATCA”). The IGAs will follow the model […]
Read MoreF.S.C Sanctions Notices Liberia
Financial Sanctions Update 18th January 2010 – F.S.C Sanctions Notices Liberia Update to Financial Sanctions The Commission has been notified that the Isle of Man Treasury has today, 18th January 2010, published new and updated information regarding the above Sanctions regime. A Department of the Treasury News Release advising details of the updated Sanctions can […]
Read MoreF.S.C Sanctions Notices Liberia
Financial Sanctions Update 18th January 2010 – F.S.C Sanctions Notices Liberia Update to Financial Sanctions The Commission has been notified that the Isle of Man Treasury has today, 18th January 2010, published new and updated information regarding the above Sanctions regime. A Department of the Treasury News Release advising details of the updated Sanctions can […]
Read MoreHMRC seeks £200m from a tax avoidance scheme in Isle of Man
A High Court ruling has opened the floodgates for HM Revenue & Customs to seek £200m in unpaid income tax from 3,000 members of a tax avoidance scheme run by Isle of Man based firm Montpelier. In a hearing earlier today, the High Court ruled against Robert Huitson, a member of the Montpelier scheme, who […]
Read MoreIOM FSC – Sanctions Update: Burma / Myanmar and North Korea
The IOM Financial Supervision Commission has been notified that the Isle of Man Treasury has, on 23rd and 31st December 2009, published new and updated information regarding the above Sanctions regimes. To view the Department of the Treasury’s News Releases advising details of the updated Sanctions, use the following links: http://www.gov.im/treasury/customs/ViewNews.gov?menuid=&page=lib/news/treasury/customs/myanmar6.xml (23rd December 2009 – […]
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