Procter and Gamble relocating Island operation

Thursday, 13 November 2014 00:00

The departure of the Island's biggest paying VAT company won't have an impact on our finances.

That's the assurance from the Treasury Minister following the news that Procter & Gamble is leaving its Castletown office.

P&G is a multi-national company specialising in domestic household items.

EddieTeare says although it's disappointing to see such a successful company leave our VAT agreement with the UK will not change.

We asked if he is concerned this will knock business confidence on Island:

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