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.
Island students win award for innovative soil product
A team of Island students have won the Sustainable Innovation Award at an entrepreneurial event in Latvia.
Regulator streamlines rules on financial penalties for individuals
The Island's gambling regulator says it's streamlined new regulations that would allow it to take action against individuals as well as companies.
Commissioners say developer's withdrawn from tennis facility plans
Onchan commissioners say a developer's pulled out of creating a padel tennis facility.
Last chance to sign up for KPMG fundraising relay
There's still time to register your team for a fundraising relay run along Douglas promenade this week.
Popular sunflower field hopes to re-open next month
A sunflower field in the north of the Island has shared an update on its annual opening.
Royal assent for neonatal leave law
New laws which would see parents get time off work if their children are getting neonatal intensive care have been given Royal Assent.
Manx Telecom's takeover won't mean redundancies
Manx Telecom's chief executive says the takeover by Jersey Telecom and CVC is about corporate growth, and not redundancies.
Businesses invited to exhibit at rebranded food and drink festival
The government's inviting businesses to sign up to exhibit their products at the Island's food and drink festival.
