The Isle of Man Treasury has issued a notice to taxpayers on penalty relief and deadlines extensions being provided for tax returns due to COVID-19. The main points are as follows:
Individuals
- Where an individual has failed to submit their tax return for the year ended 5 April 2019 by 6 April 2020 a penalty of £200 would normally be issued. If the outstanding return is submitted no later than 5 June 2020 no further penalty will be issued.
- The Division requests that anyone who submits the…