Amended tax treaty with the Isle of Man comes into force
The amended double taxation agreement between the UK and the Isle of Man has entered into force, effective from 5 January 2017, following the latest arrangements signed on 8 March 2016.
The bilateral agreements between the UK and the Isle of Man concern cooperation in tax matters through the exchange of information.
The amendments concern a reciprocal agreement with the Isle of Man relating to the European Union (EU) Directive, which affects taxation savings income in the form of interest payments, regarding profits tax, income tax and surtax.
