Budget 2012

In his Budget speech today, the Minister for the Treasury, the Hon W.E. Teare MHK, announced various taxation and National Insurance measures. Following the Budget, the Income Tax Division of Treasury has today published four Practice Notes:

PN 171/12 Budget 2012 – Income Tax and National Insurance Proposals

PN 172/12 Restriction of General Deductions

PN 173/12 Employer National Insurance Holiday Scheme

PN 174/12 Removal of Concessions - Distributions