Wed, March 10, 2021

Persons are reminded that postal merchandise, acquired from exterior the UK, can now be topic to import duties.

It comes after Isle of Man Customs and Excise reported a rise in queries since adjustments have been launched from January 1, 2021 after Brexit. The adjustments embody the cost of customs duties, excise duties and VAT on items from the EU.

The Customs and Excise Division is accountable for gathering expenses due on items arriving by publish and, if relevant, will ship a letter detailing any fee required. The products won’t be launched till all taxes and duties have been paid. Charges may be simply paid utilizing authorities on-line companies at https://companies.gov.im.

Additional particulars on customs duties and excise duties can be found at www.gov.im/classes/tax-vat-and-your-money/customs-and-excise.