Aviation: VAT
(asked on 11th December 2018) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when the Government plans to report on the HM Treasury investigation into the Isle of Man's administration of VAT for private jets that was due to be completed in Spring 2018.
This question was answered on 17th December 2018
The Isle of Man is a self-governing jurisdiction and makes its own decisions about how to make sure VAT rules are followed.
The Isle of Man invited HM Treasury to carry out a review of its VAT procedures for the importation of aircraft and yachts, which is now being finalised. This is a complex area of VAT law and it is important that we take our time to get this right.