The Treasury News

Tynwald approval sought for benefits changes

At this month’s sitting of Tynwald the Treasury Minister will seek approval for significant changes to be made to employed person’s allowance and income support...
Tuesday, 8 January 2019

Isle of Man-United Kingdom Double Taxation arrangement and protocol now in force

The Agreement between the Isle of Man Government and Government of the United Kingdom of Great Britain and Northern Ireland for the Elimination of Double...
Monday, 7 January 2019

Tynwald update on independent healthcare review

Tynwald will receive a progress report on the ongoing fundamental review into the future funding of the Island’s health and social care system this month. The...
Thursday, 3 January 2019

Sanctions Notice: Financial Sanctions: Burma/Myanmar

This news release is issued to raise awareness of changes to EU sanctions measures in relation to Burma/Myanmar. Annex IV to Council Regulation (EU) No...
Monday, 24 December 2018

Value Added Tax (Supplies of Electronic, Telecommunication and Broadcasting Services) Order 2018

The Treasury advises that the above Order has been made and comes into operation on 1 January 2019, making changes to the rules for businesses making supplies...
Friday, 21 December 2018

Sanctions Notice: European Union (Libya Sanctions)(Application)(Amendment) Order 2018 and Libya Sanctions (Amendment) Regulations 2018

European Union (Libya Sanctions) (Application) (Amendment) Order 2018 and Libya Sanctions (Amendment) Regulations 2018 The European Union (Libya Sanctions)...
Thursday, 20 December 2018

Winter Bonus to help keep the vulnerable warm

Each year the Treasury makes lump-sum payments, usually of £300, to around 2,300 vulnerable people and those on low incomes to help keep warm during the winter...
Wednesday, 19 December 2018

400 more people cycling to work

Employers are taking advantage of the Isle of Man Government’s Cycle to Work tax exemption and helping staff stay healthy. The measure was introduced by the...
Wednesday, 19 December 2018

Sanctions Notice: Financial Sanctions: Terrorism and Terrorist Financing

Today, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renewed the final designation of the following individual. RENEWAL OF...
Monday, 17 December 2018

Sanctions Notice: Financial Sanctions: Somalia

On 13 December 2018 the following Order and Regulations came into operation – European Union (Somalia Sanctions)(Application)(Amendment)(No. 2) Order 2018...
Friday, 14 December 2018