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Income Tax and National Insurance News

Consultation on proposed pension freedoms

The Treasury has today launched a consultation proposing the introduction of a new pension scheme that would provide its members with greater pension...
Tuesday, 18 July 2017

Online tax returns submitted continue to grow

The number of people submitting their personal tax return online continues to grow rapidly. Over 18,000 personal tax returns were submitted last year and in...
Monday, 10 July 2017

Consultation on ending State Pension ‘contracting out’

The Treasury has launched a consultation on ending the scheme which allows some employers and employees to pay a lower rate of National Insurance contribution...
Friday, 7 July 2017

FATCA and CRS Reporting Deadlines Near

The 30 June 2017 deadline for Isle of Man Financial Institutions to submit their 2016 US FATCA reports to the Income Tax Division is now less than one month...
Thursday, 1 June 2017

Tax return deadline nears for employers and contractors

The 5 May 2017 deadline for submitting contractor’s and employer’s tax returns is now only two weeks away. If the Income Tax Division has not received the...
Thursday, 20 April 2017

Enhanced Tax Requirements for Accounting Records - Consultation Response Issued

Treasury has today issued a response document following its consultation on enhanced tax requirements for accounting records, and it would like to thank all...
Friday, 6 January 2017

Tax agreement with the Turks and Caicos Islands enters into force

The Isle of Man Government’s Agreement for the Exchange of Information relating to Tax Matters with the Government of the Turks and Caicos Islands enters into...
Wednesday, 14 December 2016

Tax Agreements with British Virgin Islands, Cayman Islands and Romania enter into force

The Isle of Man Government’s Agreements for the Exchange of Information Relating to Tax Matters with the Governments of the British Virgin Islands, the Cayman...
Monday, 19 September 2016

Isle of Man signs Tax Co-operation Agreement with the Turks and Caicos Islands

As part of the Isle of Man Government’s continuing commitment to meet international standards in tax co-operation and transparency, a Tax Information Exchange...
Monday, 19 September 2016

Taxpayers switch to online as deadline looms

The Island is seeing a big increase in the number of taxpayers discovering the benefits of submitting their personal income tax returns online. With less...
Friday, 9 September 2016
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