Aviation: VAT

Treasury written question – answered on 17th December 2018.

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Photo of Margaret Hodge Margaret Hodge Labour, Barking

To ask the Chancellor of the Exchequer, if he will publish the findings of the his Department's investigation into the scheme for VAT avoidance on private jets in the Isle of Man.

Photo of Margaret Hodge Margaret Hodge Labour, Barking

To ask the Chancellor of the Exchequer, when the Government plans to report on the HM Treasury investigation into the Isle of Man's administration of VAT for private jets that was due to be completed in Spring 2018.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Isle of Man is a self-governing jurisdiction and makes its own decisions about how to make sure VAT rules are followed.

The Isle of Man invited HM Treasury to carry out a review of its VAT procedures for the importation of aircraft and yachts, which is now being finalised. This is a complex area of VAT law and it is important that we take our time to get this right.

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