Monday, October 23, 2017
You are here: Isle of Man > Isle of Man News
Isle of Man News
General News
Greener vehicle tax goes before Tynwald 2 July 2007

The Department of Transport is bringing a ‘Greener Vehicle Duty’ Order to the July sitting of Tynwald.

The proposed duties for cars are intended to encourage the use of smaller cars with better fuel economy and lower emissions.

If the Order is approved, the annual duty for vehicles below 1000cc would be reduced to £50 (from £60). The duty for vehicles with engines between 1000cc & 1200cc would remain at £60, while for vehicles with engines between 1200cc and 5000cc the annual duty would be incrementally increased, with a new band of £300 for vehicles with engines above 5000cc.

Increases in duty for other privately-owned vehicles, such as motor homes and vans, would continue to increase with engine size. No increase in duty is proposed for motorcycles, heavy goods Vehicles, plant, agricultural vehicles or public passenger vehicles.

Bruce Hannay Director of Highways said:

‘The proposals will provide an overall inflationary increase of 4%, but by targeting cars with larger engines, this should encourage car owners to consider using smaller vehicles.’

More stories >>>  

Related News Articles
Tax Return Deadline Nears 22 April 2013
The 5 May 2013 deadline for submitting contractor’s and employer’s tax returns is now only a few weeks away. [More]
Isle of Man signs Double Taxation Agreement with Luxembourg 18 April 2013
As part of the Isle of Man Government’s ongoing programme of signing Double Taxation Agreements (DTAs) and Tax Information Exchange Agreements (TIEAs), the Isle of Man has signed a comprehensive DTA with Luxembourg. [More]
Isle of Man signs Double Taxation Agreement with Seychelles 11 April 2013
The Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Double Taxation Agreement (DTA) with the Republic of Seychelles. [More]
Corporate Income Tax Return for Accounting Period Ending 5 April 2012 5 April 2013
If a corporate taxpayer fails to submit its income tax return by the due date then they become liable to a £250 late return penalty. [More]
Corporate Income Tax Return Form for Accounting Period Ending on 31st March 2012 28 March 2013
If a corporate taxpayer fails to submit its income tax return by the due date then they become liable to a £250 late return penalty. [More]

Other Guides by Maxima Systems Ltd: Disney World