Sunday, November 1, 2026
You are here: Isle of Man > Isle of Man News
Isle of Man News
General News
The Taxation Strategy 2012-16 2 July 2012

In his 2012 Budget speech, the Treasury Minister, Hon. Eddie Teare, MHK, gave a commitment to publishing a new taxation strategy before the end of this year which, if supported by Tynwald, will indicate the areas of the taxation system which he would like to update during his time in office.

As part of the preparation of that strategy, the Income Tax Division, on behalf of Treasury, has today published a consultation document entitled ‘The Taxation Strategy 2012-2016’. This is intended to stimulate debate on a key aspect of Government in the Isle of Man; and to seek the views of the Manx community, both private and business, on future changes to our taxation and national insurance systems.

The Income Tax Division has also published an information pack containing income tax and national insurance data which people may find useful when considering the contents of the consultation document.

Anyone wishing to submit their views on the consultation topics is invited to do so by 7 September 2012. Responses should be sent to:

The Taxation Strategy Consultation

Income Tax Division

The Treasury

Government Office

Douglas IM1 3TX

Email: consultation@itd.treasury.gov.im

The consultation document and accompanying information pack are available on the Income Tax Division website at: http://www.gov.im/treasury/incometax/consultations.gov.

Alternatively, a paper copy can be obtained from the Division or by contacting General Enquiries on 685400.

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