The interest rate on late VAT payments will increase next month.
From Friday, May 1, the percentage charged on top of the Bank of England base rate will rise from 2.5 to four percent.
Treasury says this won't impact taxpayers who pay on time, with penalties only applied if payments are more than 15 days late.
It adds this is being done to keep in line with the UK, as per the customs agreement.
More Tenerife flights than ever before this winter
There's good news for sun seekers this winter!
Chamber wants businesses' views on fuel surcharge plans
The Chamber of Commerce says it wants to gauge the views of businesses on a proposed fuel surcharge from the Steam Packet Company.
Regulator wants your input on new gambling laws
The Island's gambling regulator is looking for feedback on new draft laws.
From hods to hackers - free event focuses on construction cybercrime
A free event's being held next week to discuss the alarming rise in cyberattacks targeting construction companies.
Career advice on offer at the Villa Marina today
There's a chance to meet more than 50 employers today at the Island's largest career event.
Huge careers fair gets underway this week
The Island's Young Adult and Graduate Fair is taking place this week.
Hovercarting business removed from company register
A hover go-karting company has been removed from the Island's register.
AI top of Info Commissioner strategy
Two burgeoning technologies will form part of the Information Commissioner Office's annual strategy.
