Changes announced in last week's UK Budget to the income tax treaty will affect those who do property deals with the UK.
Companies based on, or managed through, the Island by corporate service providers will now have their tax increased from zero to 20 per cent with immediate effect
Without warning Chancellor George Osborne withdrew from the treaty apparently unhappy with Manx based companies not paying tax on the UK properties.
KPMG's tax director Greg Jones explains the situation:
Filipino festival planned for Laxey
A huge celebration of the Island's Filipino community will take place in Laxey later this year.
Glen Maye requisition meeting scheduled
A requisition meeting will be held in Glen Maye next month.
Political satire is coming to the Gaiety Theatre in Douglas next week, just in time to poke fun at the general election.
Viking longboat races today
Viking races will finally get underway in Peel today - after a six-week delay.
Postal vote applications have to be in soon
Living far away but want to cast your vote in September's election? Time's running out!
Mum launches petition over university support
A petition's been launched calling on government to provide more support for Manx university students.
Bus services north and south face disruption later
Bus Vannin says a number of its services may face disruption this evening.
Wildlife Trust unveils woodland plans
The Manx Wildlife Trust has submitted a planning application for a new woodland in the northeast of the Island.
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