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Income Tax and National Insurance News

Personal Service Companies

The Income Tax Division of Treasury has today issued Guidance Note GN 50 “Personal Service Companies”.   The Guidance Note explains how new legislation, that...
Thursday, 20 March 2014

Notices of coding 2014/15

In his Budget speech last month, the Treasury Minister, announced an increase in income tax personal allowances as follows:  personal...
Friday, 28 February 2014

Online Tax Services - Sign up now

The Income Tax Division is encouraging more people to use online services now, in light of the wide suite of services available and in view of the impending...
Monday, 10 February 2014

Intergovernmental Agreements to Improve International Tax Compliance

The Isle of Man, in conjunction with Jersey and Guernsey, has today published Guidance Notes relating to the Intergovernmental Agreements to Improve...
Friday, 31 January 2014

Chief Minister signs intergovernmental agreement with the United States

Chief Minister Allan Bell MHK has today (Friday 13 December 2013) signed an intergovernmental agreement with the United States to improve international tax...
Friday, 13 December 2013

Changes to Companies Registry Fees

Costs of new incorporations fall New fast track service introduced 
Tuesday, 3 December 2013

Isle of Man reaffirms commitment to global standard for tax information exchange

The Isle of Man has restated its support for the development of a single global standard for the automatic exchange of information between tax authorities. The...
Friday, 29 November 2013

Isle of Man gets top rating from OECD

The Isle of Man has been awarded the top ‘Compliant’ rating by the global body reviewing tax transparency around the world.    The OECD (Organisation for...
Friday, 22 November 2013

Isle of Man joins multilateral network for tax co-operation

The Isle of Man has become part of an international network of more than 75 countries co-operating on tax matters.  The Island is the first British Crown...
Friday, 22 November 2013

Isle of Man first to sign agreement with UK on automatic sharing of tax information

The Isle of Man has become the first British dependency to sign an agreement with the United Kingdom extending the automatic disclosure of tax information.
Friday, 11 October 2013
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