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.
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.