Isle of Man reporting reminder – 30 June

In a press release from the Treasury of the Isle of Man (Link), Isle of Man Reporting Financial Institutions were reminded that the deadline for submitting 2014 FATCA reports is 30 June 2015. The 2014 FATCA reports can only be submitted to the Assessor in the prescribed XML format.  Additional details for Reporting Financial Institutions can be found on the Division of Income Tax’s website (Link).

The Assessor encourages any Isle of Man Reporting Financial Institution with concerns about reporting in XML format or meeting the 30 June deadline to contact the Income Tax Division (Link to contacts) as soon as possible, provided that good faith efforts are being made to comply with the requirements.

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