Income Tax and National Insurance News

Contractors and employers are being reminded to submit their tax returns ahead of the 5 May 2018 deadline, which is now only two weeks away. If the Income Tax...

In July 2017, the Treasury undertook a consultation exercise seeking the views of employers and scheme trustees who operate contracted-out pension schemes. ...

In his Budget speech last week, the Treasury Minister announced changes in income tax personal allowances as follows: Personal...

At the July 2017 sitting of Tynwald, the Treasury Minister announced the launch of a public consultation concerning the proposed introduction of a new pension...

The 2018 Budget puts in place progressive, affordable and sustainable measures to support the continued growth of the Isle of Man economy and to help all...

The OFT is warning the public about a new scam, after being contacted by concerned Manx residents. There is currently a telephone scam where a recorded message...

The Isle of Man has retained its top ‘Compliant’ rating by the global body reviewing tax transparency around the world. The OECD (Organisation for Economic...

The Income Tax Division of Treasury has recently been made aware that local residents have received emails purporting to be from the Division in relation to tax...

The Island has a buoyant economy, despite a slight drop in national income for 2015/16. The national income report for the year, published today, shows that...

The Treasury Minister, Alfred Cannan MHK, has announced a delay of 12 months in the abolition of Class 2 self-employed National Insurance contributions,...