Income Tax and National Insurance News
Deadline for corporate income tax returns for accounting periods ended 31 December 2021
Corporate taxpayers are advised that the effective final deadline for submission of income tax returns for accounting periods ended 31 December 2021 is midnight...
Monday, 12 December 2022
Tax bill payments due on 6 January 2023
Payments of any outstanding amounts for 2021/22 personal tax assessments and 2022/23 payment on account notices are due on 6 January 2023.
There are several...
Monday, 28 November 2022
Deadline for submitting personal income tax returns is just over one week away
There is now just over one week to go until the 6 October 2022 deadline for the submission of personal income tax returns.
Submitting online is already the...
Tuesday, 27 September 2022
Sign up for online services and save time
More and more people are using Online Services for a range of reasons, including searching for jobs, paying rates and utility bills, and applying for...
Tuesday, 19 July 2022
Consultation launched into modernising National Insurance
A consultation process has opened today aiming to gather views on National Insurance.
The exercise follows the publication of an independent report into the...
Monday, 18 July 2022
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