Income Tax and National Insurance News

A new agreement between the Isle of Man and United Kingdom is set to modernise National Insurance rules and clarify where people working in either jurisdiction...

The Treasury has confirmed that high-level options for an NHS Levy have been assessed and will not be brought forward by this administration. A consultation in...

The Central Government Summary Management Accounts covering the full financial year for 2024 - 25 have been published. Treasury have been making quarterly...

The deadline for submitting employer’s and contractor’s tax returns for the tax year ended 5 April 2025 is now just two weeks away. The statutory due date...

Cutting income tax, raising the personal allowance and changing National Insurance thresholds will put more money in people’s pockets. Treasury Minister Dr...

 Mr President, It is an honour and a privilege to be able to present to this Honourable Court the 2025 Budget. I would like to thank all the Treasury staff...

Tynwald will be asked to approve increases to the Isle of Man’s Minimum Wage at the February sitting which, if approved, will see the rate achieve parity with...

The Treasury Minister intends to start a national conversation to guarantee the long-term future and sustainability of the Manx National Insurance Fund. The...

Implementing rules around a new global tax regime will enable the Isle of Man to broaden its tax base and could raise a forecast £35m each year from...

The Treasury Department Plan highlights progress towards meeting the aims of Our Island Plan while mapping targets for the next 12 months. The document has...