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A tiny paragraph in this week's United Kingdom budget could be bad news for so-called 'Treaty shoppers' who invest in the country through the Isle of Man.
Officials at Her Majesty's Revenue and Customs say they are looking at ways of stopping people taking advantage of double-taxation treaties, which lower their tax liability.
Greg Jones from accountants KPMG told Jason Roberts more:
Medicinal cannabis production facility plans recommended for approval
Planning set to make final decision on Monday
HMRC names Isle of Man firm in tax avoidance scheme
The UK tax office has issued a 'stop notice' as a result
Laxey restaurant Ballacregga Tea Room closes as tenant steps down
The venue has closed until new tenants are found
Employment and Skills Fair takes place today
Over 60 exhibitors will be presentÂ
