Income Tax and National Insurance News

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

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

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...

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

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

Costs of new incorporations fall New fast track service introduced 

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...

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...

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...

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.