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Income Tax and National Insurance News

Over 1,000 company and business annual returns submitted online

Over 1,000 Isle of Man companies and businesses have submitted their annual returns using a new online service introduced in November 2021 by the Isle of Man...
Thursday, 12 May 2022

Tax return deadline approaching for employers and contractors

The 5 May 2022 deadline for submitting employer’s and contractor’s tax returns is now just over two weeks away. If the Income Tax Division has not received the...
Tuesday, 19 April 2022

Isle of Man suspends tax co-operation with Russia

The Isle of Man has today suspended all forms of tax co-operation with Russia in light of the exceptional and distressing events in Ukraine and following...
Friday, 18 March 2022

2022/23 Notices of Coding

In his Budget speech last month, the Treasury Minister announced changes in income tax personal allowances as follows:  Personal...
Friday, 11 March 2022

Budget 2022 - Practice Notes

In his Budget speech today, Treasury Minister David Ashford MBE MHK announced various taxation and National Insurance measures. The Income Tax Division of...
Tuesday, 15 February 2022

Public Notice: Social Security: changes to payment dates and opening hours over Christmas period

Customers should note that the Social Security offices at Markwell House in Market Street, Douglas, will be closed on: Monday 27 December 2021 Tuesday...
Thursday, 16 December 2021

Public Notice: Important information - deadline for corporate income tax returns for accounting periods ended 31 December 2020

Corporate taxpayers are advised that the effective final deadline for submission of income tax returns for accounting periods ended 31 December 2020 is midnight...
Monday, 13 December 2021

Financial Sanctions: Myanmar

This news release is issued to publicise the addition of 4 new entries to the Myanmar sanctions regime. The Myanmar Sanctions Regulations 2021 [SI 2021/496]...
Monday, 13 December 2021

National Income Report indicates 1.9% growth in GDP

The Isle of Man’s economy grew by 1.9% in 2019/20 compared to the previous year. The figure is published in the annual Isle of Man National Income 2019/20...
Monday, 22 November 2021

Isle of Man and Ireland sign updated taxation agreement

Deputy Chief Minister Jane Poole-Wilson MHK is pictured with the ambassador of Ireland to the United Kingdom Adrian O’Neill signing a Protocol amending an...
Friday, 19 November 2021
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