Structure

There are six Divisions of the Treasury which are detailed below including a brief summary of each Division's main activities and a link to the more detailed web pages.

General contact information

Income Tax Division

The Division's responsibilities include:

The assessment and collection of all income tax due
The payment of personal allowance credits
Development of the new Income and Corporate Taxes legislation required to support Treasury's Taxation Strategy, including consultation, the preparation of draft briefs for the legislative draftsman and supervising the passage of Bills through the Legislative Branches
Dealing with exchange of information requests at both a domestic and international level
The implementation of the Taxation Strategy.

Link to the Income Tax website

Economic Affairs Division

The Economic Affairs Division provides economic advice and statistical analysis to all parts of Government and acts as the principal collator and publisher of government statistics. The Division is also responsible for the production of the Electoral Register.

Link to the Economic Affairs website

Finance Division

The Finance Division's primary objectives are to manage public finances and raise elements of the Treasury's revenue. The Division's responsibilities include:

Providing accountancy advice and services to other areas of Government. This includes the management and preparation of all Government's financial accounts.
Managing Government's investments, borrowings,currency and insurance, including the issue of Manx currency and Manx coins.
Collecting revenues.
Payroll and creditor payments.
Rating and Valuation.

Link to the Finance Division website (including coins)

Customs and Excise Division

Among the main aims that collectively outline the purpose of the Division are:

Collecting all indirect taxes and duties due.
Maintaining the Agreement between the Governments of the UK and Isle of Man.
Protecting society by enforcing controls on imported drugs, prohibited and restricted goods and combating the threat posed by money laundering activities.
By safegaurding and developing the Single Market, promote international trade and the competitiveness of Isle of Man commerce.
Supporting the Chief Minister's Drug and Alcohol Strategy.

Link to the Customs and Excise website

Internal Audit Division

Internal Audit Division performs an independent appraisal function throughout the Isle of Man Government by examing, evaluating and reporting on the adequacy of internal controls and providing assurance to Accounting Officers on their organisation's systems of control. The Division co-ordinates Government's data protection registrations, supports the implementation of risk management and provides forensic accountancy services to the Financial Crimes Unit.

Link to the Internal Audit website

Corporate Strategy Division

The Division has been restructured to replace the previous Administration Division or " Office of the Chief Financial Officer" . The Division has been designated new responsibilities as well as taking on some duties previously under the control of the Finance Division. Previous responsibilities such as providing the support needed to facilitate the effective operation of the Treasury through the provision of secretariat, secretarial and support services to the Treasury Board and consultative committees of the Treasury, continue. The central role of providing a research, co-ordination and liaison role for all Divisions within the Department also continues and has been further supplemented with a specific role with regards to the development and monitoring of Human Resource activities.

The senior officers of the Division also provide a resource for the Chief Financial Officer in progressing strategic project and legislative work which does not fall directly within the remit of any other specific Division.

The areas previously within the Finance Division and now within Corporate Strategy relate to the co-ordination and presentation of the Isle of man Budget and associated documents, co-ordination of Government's capital programme and provision of policy and financial accounting related advice to the Treasury, other Departments, the Council of Ministers and Tynwald.