Income Tax and National Insurance News

The Central Government Summary Management Accounts covering the first three months of the current financial year, up to 30 June 2024, have been published. This...

Residents are encouraged to take advantage of the expanding Online Services, which offer a range of benefits, such as job searches, bill payments and license...

The Island’s economy bounced back strongly from the coronavirus pandemic, according to figures released today in Isle of Man National Income 2021-22. Compiled...

Tynwald Members will debate a proposed tax strategy aimed at supporting the objectives of Our Island Plan at the March sitting.  2024-26 Tax Strategy has been...

The Isle of Man today joined 47 other jurisdictions in committing to implement a new international standard on the automatic exchange of information between tax...

Treasury Minister Dr Alex Allinson MHK met colleagues from the other Crown Dependencies this week and agreed a joint approach to the OECD’s Pillar Two model...

Following the approval of the Budget at February's sitting of Tynwald, a series of changes to National Insurance contributions will come into effect from 6...

The income tax personal allowance will remain at £14,500 for a resident individual and £29,000 for a jointly assessed couple For higher earners, the personal...

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...

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