If the return has still not been received by the Division by 6 April 2021, a further £200 penalty will be charged. The Isle of Man operates a simple taxation regime with two tax rates (or bands) for individual personal income. ... (i.e. Local holidays are not listed. Individuals with other sources of income file a tax return annually on 31 October (extension available for online filing). Following the postponement of the issue of paper tax returns to individual tax payers for the year ended 5 April 2020 last month, the Income Tax Division has confirmed they will now be issued on 6 May 2020. The return declaration and payment dates with regard to salaries tax for the months of January, February, and March 2020 are postponed to 20 May 2020. These figures will be increased with effect from 6 April 2020 to £200,000 and £400,000 respectively. Jersey Financial Services Commission. Suntera Accounting & Tax Limited, a company registered in the Isle of Man (001316V) at Clinch’s House, Lord Street, Douglas, Isle of Man, IM99 1RZ, is a member of the ICAEW Practice Assurance Scheme and a member of Russell Bedford International – a global network of independent professional services firms. T… The standard rate (10%) tax threshold is £6,500 for a single person, £13,000 per couple. September (2) » BVI Reaffirms Tax Transparency Commitment » Isle of Man To Improve Beneficial Ownership Register; August (4) » Bermuda Regulator To Add Cond Submissions move from October to November. Getting this payment depends on receiving certain benefits during … Government of Jersey. 2 Press Release dated 13 May 2020, the deadline for filing tax return by all taxpayer has been extended to 30 November 2020. The Isle of Man is simply magical, an enchanted journey back in time that somehow still feels modern. ‘The Beast Must Die’ Wraps After 5,000 Covid Tests BritBox UK’s first original drama, The Beast Must Die, has wrapped filming on the Isle of Wight without any coronavirus disruptions. Last year, more than 3,000 people were fined for missing the deadline. The following extended due dates have been announced: For financial years ending January 31, 2019, the deadline is: July 31, 2020. The Island's taxation system is completely separate from that ofits neighbours, so individuals and companies resident in theIsle of Man enjoy complete independence from the United Kingdom onmatters of direct taxation. Similarly, the due date for the declaration with regard to “professions libérales” for the months of February, March, and April 2020 is postponed to 20 May 2020. The Isle of Man Treasury issued a release on 4 May announcing an extension of the deadline for the submission of personal income tax returns to 6 November 2020 for the year ended 5 April 2020.---Deadline extended for submission of personal income tax returns. Last year, more than 3,000 people were fined for missing the deadline. You have until Friday, November 6 to submit yours - with government encouraging people to do it online. Employer health tax (EHT) 2020 quarterly instalment dates have been extended as follows: a. December 31, 2020 (original instalment date was June 15, 2020) b. 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