Aircraft
Isle of Man Will 'Robustly Defend' M-Reg Aircraft Transactions
Ten years after starting the M-register for private aircraft, the Isle of Man is under the spotlight after data from a law firm was leaked.
Following revelations in the British media, the Isle of Man has been rebutting accusations that some aircraft transactions administered by specialist trust companies on the island have wrongly been awarded UK value added tax (VAT) rebates. (Photo: Ian Sheppard)
Following revelations in the British media, the Isle of Man has been rebutting accusations that some aircraft transactions administered by specialist trust companies on the island have wrongly been awarded UK value added tax (VAT) rebates. (Photo: Ian Sheppard)

A range of transactions involving aircraft on the Isle of Man M-register is under investigation, following accusations that value-added-tax (VAT) has been rebated incorrectly to owners due to their much higher than declared personal use of the aircraft. An Isle of Man government spokesperson told AIN it will "robustly defend" its reputation as a responsible and transparent jurisdiction.