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.
Isle of Man recruitment platform launches Island.jobs
Isle of Man recruitment platform launches Island.jobs to connect job markets across island economies
Time running out to register for work experience scheme
There's just over a fortnight left for your company to be part of a government scheme to give students work experience.
Company expands mortgage advice service to North
A local financial options company is expanding its operations to bring expert mortgage advice to the North.
Island-based company up for European compliance award
An Island-based company has been shortlisted for a European industry award.
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.
