Tax, VAT and Your Money News

Isle of Man residents are being reminded that United Kingdom round pound coins will no longer be accepted as a form of payment for services and retail purchases...

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

Full-time earnings rose last year by 3.9%, but fell very slightly by 0.1% when adjusted for inflation, according to statistics contained in the Government’s...

The Treasury advises that the above Order has been made and comes into operation on 1 March 2018, and introduces a new penalty against participation in VAT...

Total Government spending projected for 2018-19 equates to around £12,667 per head for every man, woman and child of the Island’s population. This per person...

Highlighting the growth of our diverse economy and meeting the financial challenges facing both the Government and Island citizens were the key themes when...

The Treasury Minister has confirmed today that the introduction of the Soft Drinks Industry Levy (SDIL) on the Island has been postponed for one year until 1...

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...

On 20 February 2018, HM Treasury renewed the final designations in respect of the following individuals: RENEWAL OF FINAL DESIGNATION [Additional information...

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...