Income Tax and National Insurance News
Crown Dependencies agree joint approach to global minimum tax rules
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...
Friday, 19 May 2023
Tax return deadline approaching for employers and contractors
The 5 May 2023 deadline for submitting employer’s and contractor’s tax returns is now just over a week away.
If the Income Tax Division has not received the...
Tuesday, 25 April 2023
Sign up for online tax services and save time
One of the most popular ways to use Online Services is to submit personal income tax returns. This was the preferred method for the majority of Isle of Man...
Monday, 3 April 2023
NI changes to come into effect next month
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...
Monday, 20 March 2023
Budget 2023 at a glance
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...
Tuesday, 21 February 2023
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