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]
• Payroll Training for Employers and Agents 21 March 2013
  The Income Tax Division intends to run payroll training sessions for employers and agents on 2 and 3 April 2013. [More]
• Treasury Minister responds to UK Budget announcement 20 March 2013
  TREASURY Minister Eddie Teare MHK gave his initial feedback on the UK Budget today (Wednesday, March 20), one that had a number of implications for the Isle of Man. [More]
• Chief Minister welcomes Guernsey announcement on UK FATCA 15 March 2013
  CHIEF Minister Allan Bell MHK has welcomed today’s announcement by the government of Guernsey that it intends to follow the Isle of Man in agreeing FATCA-style automatic exchange of tax information with the United Kingdom. [More]
• Nicola Guffogg appointed as Assessor of Income Tax 8 March 2013
  Nicola Guffogg will become the Isle of Man Government’s next Assessor of Income Tax when Malcolm Couch takes up his new role as Chief Financial Officer at the end of April. [More]
• Nicola Guffogg appointed as Assessor of Income Tax 8 March 2013
  Nicola Guffogg will become the Isle of Man Government’s next Assessor of Income Tax when Malcolm Couch takes up his new role as Chief Financial Officer at the end of April. [More]
• Isle of Man earns praise for leadership on international tax compliance 1 March 2013
  CHIEF Minister Allan Bell MHK has this week underlined the Isle of Man’s commitment to international tax compliance during a series of high-level meetings in London. [More]
• Budget 2013 19 February 2013
  In his Budget speech today, the Minister for the Treasury, the Hon. [More]
• Treasury Budget statement 19 February 2013
  Summary44 (14%) of staff lost in four years Reduced the cost of Finance processing by 20% to date (£524,000) by the introduction of Finance Shared ServicesThrough improved use of office space vacated Heywood House and saved £80,000 a year rentThrough centralised procurement saved just under £900,000 across Government since April 2011Reduced the cost of the 2011 Census by £20,000 by compiling it over a longer period of time, and relying on less bought in resourceGave away the Customs Boat, Panther, realising operating savings of £10,000 per annumCentralisation and renegotiation of Insurance Premiums across Government (saving circa £100,000)Renegotiation of Professional Fees within Construction Schemes via Capital Projects Unit (saving circa £500,000)Improved Value for Money from Investment Management Fees (around £100,000 per annum)Planned further staff losses over three years, targeting 20 to achieve 20% of staff lost overallRelocation of staff within Income Tax from assessment to collection of TaxReduction of the Water and Sewerage Authority Grant of £1m per year over three years commencing 2013-14 [More]
• More Online Tax Services 4 February 2013
  There have been further additions to Online Tax Services that enable people to deal with their tax affairs from the comfort of their own home and at a time which is convenient to them. [More]
• Isle of Man signs tax co-operation agreements with Jersey and Guernsey 24 January 2013
  As part of the Isle of Man Government’s ongoing programme of signing Double Taxation Agreements (DTAs) and Tax Information Exchange Agreements (TIEAs), Treasury Minister Eddie Teare MHK signed DTAs with Jersey and Guernsey today in London. [More]
• Tax Strategy Receives Tynwald Approval 16 January 2013
  The Treasury Minister, Hon Eddie Teare, MHK, announced in his first budget in February 2012 that he would publish a new tax strategy which, if supported by Tynwald, would indicate the areas of the taxation system that he would like to update while Treasury Minister. [More]
• Malcolm Couch to be the next Chief Financial Officer 15 January 2013
  Malcolm Couch, the Isle of Man Government’s current Assessor of Income Tax, will be its next Chief Financial Officer. [More]
• Personal Service Companies - Response Document 20 December 2012
  Earlier this year, the Income Tax Division of the Isle of Man Treasury undertook a consultation exercise addressing Personal Service Companies. [More]
• Isle of Man signs Tax Co-operation Agreement with Argentina 14 December 2012
  The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Argentina. [More]
• Recruitment begins for 2013 STEP scheme undergraduates 13 December 2012
  The Department of Economic Development has started the recruitment process for 2013’s group of STEP scheme students. [More]
• Important Information regarding Corporate Income Tax Returns for Accounting Periods ended on 31 December 2011 12 December 2012
  If a corporate taxpayer fails to submit its income tax return by the due date, then they may become liable to a £250 late return penalty. [More]
• Paying Your Tax Online 10 December 2012
  Payment of any outstanding amounts for 2011/12 personal tax assessments and 2012/13 payment on account notices is due on 6 January 2013 - less than a month away. [More]
• Isle of Man further consolidates tax cooperation arrangements with the United Kingdom 7 December 2012
  THE Isle of Man Government has confirmed that it will be adopting tax information sharing arrangements with the United Kingdom which will follow closely the FATCA intergovernmental agreement currently being negotiated with the United States. [More]
• Discussions continuing over FATCA implications 30 November 2012
  DISCUSSIONS are continuing over the wider implications of the US FATCA (Foreign Account Tax Compliance Act) legislation requiring automatic exchange of tax information, Chief Minister Allan Bell MHK said today. [More]
• Taking Public Sector Housing forward 29 October 2012
  The Department for Social Care is pleased to announce the next stage of the fundamental review of Public Sector Housing. [More]
• Taxation Strategy Consultation Response Issued 26 October 2012
  In his statement to Tynwald on 16 October 2012, the Chief Minister announced that Treasury will bring forward a revised tax strategy in December. [More]
• Foreign Account Tax Compliance Act 9 October 2012
  The Governments of Guernsey, the Isle of Man and Jersey are today (9 October 2012) simultaneously announcing their intention to negotiate partnership agreements with the United States of America to implement FATCA. [More]
• Isle of Man signs tax co-operation agreements with Singapore and Turkey 21 September 2012
  The Isle of Man today continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Double Taxation Agreement (DTA) with the Republic of Singapore and a Tax Information Exchange Agreement (TIEA) with the Republic of Turkey. [More]
• Potential Vehicle Licensing Scam 19 September 2012
  It has been brought to the Department’s attention that there is a potential scam involving cold calling by phone which offers the option to pay for vehicle road tax by direct debit. [More]
• Tax agreements with the Republic of Slovenia come into force 14 September 2012
  Two tax agreements between the Isle of Man and the Republic of Slovenia entered into force on 31 August 2012. [More]
• Tax Return Deadline Nears 6 September 2012
  The 6 October 2012 deadline for submitting 2011/12 personal tax returns is now only a month away. [More]
• PN 179/12 The Taxation of the Interest Component of Payment Protection Insurance (PPI) Compensation 28 August 2012
  The Practice Note which gives basic advice on the taxation of any interest included in PPI compensation payments can be found here. [More]
• News Release Vehicle Registration and Licensing 22 August 2012
  The Department of Infrastructure would like to remind all residents and resident businesses that if they purchase a vehicle from off Island they must register and license that vehicle immediately. [More]
• Foreign Account Tax Compliance Act Update 9 August 2012
  On 26 July the United States Treasury Department published a model intergovernmental agreement (IGA) designed to improve tax compliance and implement the Foreign Account Tax Compliance Act (FATCA). [More]
• Personal Service Companies - Consultation Document Issued 6 August 2012
  The Income Tax Division, on behalf of the Treasury, has today published a consultation document addressing personal service companies which includes a draft of the legislative amendment proposed by the Treasury Minister in his February Budget. [More]
• Company Residence for Income Tax Purposes - Consultation Response Published 19 July 2012
  The Income Tax Division of the Isle of Man Treasury has today published a document setting out the feedback received on the consultation “Company Residence for Income Tax Purposes”, which ran from 3 April 2012 until 14 May 2012. [More]
• The Taxation Strategy 2012-16 2 July 2012
  In his 2012 Budget speech, the Treasury Minister, Hon. [More]
• OECD report places Isle of Man at forefront of international standards of best practice 25 June 2012
  THE Isle of Man’s position at the forefront of international standards of best practice has been reaffirmed by a new report from the global body reviewing tax transparency. [More]
• PN 174/12 Removal of Concessions - Distributions 22 June 2012
  Following discussions with the Island’s professional bodies, the Income Tax Division is today releasing an updated version of PN 174/12, a copy of which can be found here. [More]
• Sign up for Online Tax Services 22 June 2012
  The 6 October deadline for submitting 2011/12 personal tax returns is now just over three months away and the Income Tax Division is taking this opportunity to remind everyone about our online services. [More]
• PN 178 The Tax Treatment of Foundations 23 May 2012
  The Foundations Act 2011 came into force on 1 January 2012. [More]
• Tax Agreement With Czech Republic Comes Into Force 18 May 2012
  The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Czech Republic will enter into force on 18 May 2012. [More]
• Isle of Man signs new Double Taxation Agreement with Qatar 8 May 2012
  The Isle of Man has signed a comprehensive double taxation agreement (DTA) with Qatar. [More]
• Uk-Registered Vehicles on the Isle Of Man 4 May 2012
  The Department of Infrastructure would like to remind Island residents of the importance of registering vehicles imported to the Isle of Man. [More]
• Treasury Minister welcomes comments made by CBI Director-General 27 April 2012
  TREASURY Minister Eddie Teare MHK has welcomed further recognition of the role played by competitive tax jurisdictions in supporting economic growth. [More]
• Changes to the Online Return for Companies 26 April 2012
  The Income Tax Division of Treasury have today implemented enhancements to the Online Company Tax Service. [More]
• Corporate distributions 4 April 2012
  On 24 February 2012, Treasury Minister Eddie Teare, MHK, made clear that the Isle of Man Government has no intention of introducing a capital gains tax following the abolition of the attribution regime for individuals (ARI). [More]
• Company Residence for Income Tax Purposes 3 April 2012
  A company resident in the Isle of Man for income tax purposes is taxable on its worldwide income. [More]
• Corporate income tax return forms for accounting periods ending on 31 March 2011 and 5 April 2011 30 March 2012
  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]
• PN 175 Compulsory Use of Online Tax Services for Employers 29 March 2012
  In his 2012 Budget, the Treasury Minister confirmed that following consultation in 2010, the compulsory use of Online Tax Services for employers will be introduced, in a phased approach, from 6 April 2012. [More]
• Tax Agreements with Bahrain and Mexico come into force 8 March 2012
  The Isle of Man’s Double Taxation Agreement (DTA) with Bahrain enters into force today (8 March 2012) and the Island’s Tax Information Exchange Agreement (TIEA) with Mexico entered into force on 4 March 2012. [More]
• FATCA Update – Income Tax Press Release including statement by Isle of Man Treasury Minister 24 February 2012
  The Isle of Man Income Tax Division of Treasury has today published a press release including a statement by the Treasury Minister regarding the Foreign Account Tax Compliance Act (FATCA) of the USA. [More]
• Foreign Account Tax Compliance Act 24 February 2012
  On 8 February 2012, the United States Treasury Department and Internal Revenue Service jointly issued proposed regulations for the next phase of implementing the Foreign Account Tax Compliance Act (FATCA). [More]
• Distributions from Capital Gains 24 February 2012
  The Isle of Man does not have capital gains tax and there is no intention to introduce such a tax. [More]
• Budget 2012 21 February 2012
  In his Budget speech today, the Minister for the Treasury, the Hon W. [More]
• Pay Vehicle Tax On Line 17 February 2012
  The Department of Infrastructure is encouraging more people to use the on-line service to pay their vehicle duty since its successful introduction in November 2011. [More]
• Revised FATF Recommendations 16 February 2012
  The Financial Action Task Force has issued its revised International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation – The FATF Recommendations. [More]
• Sign up for Online Tax Services 6 February 2012
  A wide range of online services now enable people to deal with their tax affairs from the comfort of their own home and at a time which is convenient to them. [More]
• Next Collector of Customs & Excise appointed 26 January 2012
  THE Treasury is pleased to announce the appointment of Charles Coué as the Island’s next Collector of Customs & Excise. [More]
• Consultation on Proposed New Payment Method for Class 2 Self-Employed National Insurance Contributions 23 January 2012
  The Treasury is examining ways to improve the collection of National Insurance contributions and, where possible, to bring the Income Tax and National Insurance systems into alignment. [More]
• Chief Minister refutes Ed Miliband's comments on the Isle of Man 16 January 2012
  CHIEF Minister Allan Bell MHK has moved to refute comments made by Labour Party leader Ed Miliband concerning the Isle of Man over the weekend. [More]
• Tax agreement with Portugal comes into force 9 January 2012
  The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Portugal will enter into force on 18 January 2012. [More]
• Corporate income tax return forms for accounting periods ended 31 December 2010, due on 1 January 2012 23 December 2011
  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]
• Tax agreement with France comes into force 23 December 2011
  The Isle of Man’s agreement with France for the avoidance of double taxation with respect to enterprises operating ships or aircraft in international traffic will enter into force on 14 January 2012. [More]
• Tax agreement with Canada comes into force 21 December 2011
  The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Canada entered into force on 19 December 2011. [More]
• EU confirms Isle of Man tax compliance 20 December 2011
  THE Isle of Man Government has welcomed final confirmation that the scheduled withdrawal of the Island’s attribution regime for individuals (ARI) will mean its 0/10 corporate tax system is compliant with the EU Code of Conduct for Business Taxation. [More]
• Think about paying your tax online 12 December 2011
  Payment of any outstanding amounts for 2010/11 personal tax assessments and 2011/12 payment on account notices is due on 6 January 2012 - less than a month away. [More]
• Consultation Response Documents 7 December 2011
  The Income Tax Division has today published two consultation response documents. [More]
• Tax agreements with Poland come into force 9 November 2011
  The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Poland will enter into force on 27 November 2011 and its two double taxation agreements with Poland entered into force on 28 October 2011. [More]
• OECD puts Isle of Man at the forefront of standards of best practice 4 November 2011
  THE Isle of Man has been put at the forefront of standards of best practice by a report from the global body reviewing tax transparency. [More]
• Isle of Man Government reviewing G20 tax Convention 4 November 2011
  CHIEF Minister Allan Bell MHK says the Isle of Man Government is actively reviewing a G20 initiative to strengthen international tax co-operation. [More]
• Vehicle Duty – Tax Avoidance 5 October 2011
  The Department of Infrastructure has undertaken an all Island survey to better understand how many vehicles are being driven without paying vehicle duty. [More]
• Positive news from EU tax group 14 September 2011
  TREASURY Minister Anne Craine has welcomed feedback from the EU Code of Conduct Group that it had agreed in principle that the Isle of Man’s business tax system will no longer be considered harmful if it goes ahead with its proposed withdrawal of the attribution regime for individuals (ARI). [More]
• Positive news from EU tax group 14 September 2011
  TREASURY Minister Anne Craine has welcomed feedback from the EU Code of Conduct Group that it had agreed in principle that the Isle of Man’s business tax system will no longer be considered harmful if it goes ahead with its proposed withdrawal of the attribution regime for individuals (ARI). [More]
• Consultation Documents Issued 7 September 2011
  In the Treasury Minister’s 2011 Budget speech, she stated that she would ask the Assessor of Income Tax to work with his colleagues in the Department of Social Care with a view to carrying out a public consultation on the future of the Personal Allowance Credit system and making recommendations before next year’s budget. [More]
• Tax Return Deadline Nears 6 September 2011
  The 6 October 2011 deadline for submitting 2010/11 personal tax returns is now only a month away. [More]
• Tax agreements with China and Japan come into force 2 August 2011
  The Isle of Man’s Tax Information Exchange Agreement (TIEA) with China will enter into force on 14 August 2011 and its TIEA with Japan will enter into force on 1 September 2011. [More]
• U.K. Bribery Act 2010 and the U.S. Foreign Account Tax Compliance Act – possible liability for FSC regulated businesses 22 July 2011
  UK’s Bribery Act 2010Licenceholders are probably aware that the UK’s Bribery Act 2010 came into effect on 1st July 2011. [More]
• The Irish income levy and it's interaction with the tax co-operation agreements between the Isle of Man and Ireland 20 July 2011
  Following an exchange of letters, the governments of the Isle of Man and Ireland have agreed on the interaction between the Irish income levy and the tax co-operation agreements in force between the Isle of Man and Ireland. [More]
• Isle of Man signs tax co-operation agreement with the Czech Republic 18 July 2011
  The Isle of Man today (July 18, 2011) continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Tax Information Exchange Agreement (TIEA) and a Joint Declaration with the Czech Republic. [More]
• Isle of Man signs tax cooperation agreement with the Czech Republic 18 July 2011
  The Isle of Man today (July 18, 2011) continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Tax Information Exchange Agreement (TIEA) and a Joint Declaration with the Czech Republic. [More]
• Homestay extended to Commonwealth Youth Games 15 July 2011
  To meet pressure on the demand for accommodation, the Department of Economic Development is pleased to announce that Treasury has granted approval for the extension of the tax free income limit for the Homestay Scheme to cover the Commonwealth Youth Games, which take place from 7th to 14th September. [More]
• Homestay extended to Commonwealth Youth Games 15 July 2011
  To meet pressure on the demand for accommodation, the Department of Economic Development is pleased to announce that Treasury has granted approval for the extension of the tax free income limit for the Homestay Scheme to cover the Commonwealth Youth Games, which take place from 7th to 14th September. [More]
• Consultation on proposed new loss relief provisions for self-employed individuals and companies 11 July 2011
  The regulations governing how trading losses can be relieved for tax purposes were approved by Tynwald in 1988. [More]
• Isle of Man completes move to automatic exchange of information with the EU 7 July 2011
  THE Isle of Man moved fully on July 1, 2011 to automatic exchange of information with European Union member states under the EU Savings Directive, making it one of the first non-EU countries to do so. [More]
• Isle of Man signs tax co-operation agreements with Slovenia 27 June 2011
  TWO tax agreements between the Isle of Man and the Republic of Slovenia were signed today by His Excellency Iztok Jarc, the Slovenian Ambassador, and by Manx Treasury Minister, Anne Craine MHK, in Douglas. [More]
• Isle of Man signs tax co-operation agreements with Slovenia 27 June 2011
  TWO tax agreements between the Isle of Man and the Republic of Slovenia were signed today by His Excellency Iztok Jarc, the Slovenian Ambassador, and by Manx Treasury Minister, Anne Craine MHK, in Douglas. [More]
• Isle of Man signs tax co-operation agreements with Japan and Indonesia 23 June 2011
  As part of the Isle of Man Government’s ongoing programme of signing Tax Information Exchange Agreement (TIEAs), Treasury Minister Anne Craine MHK was in London this week to sign agreements with Japan and Indonesia. [More]
• Isle of Man signs tax co-operation agreements with Japan and Indonesia 23 June 2011
  As part of the Isle of Man Government’s ongoing programme of signing Tax Information Exchange Agreement (TIEAs), Treasury Minister Anne Craine MHK was in London this week to sign agreements with Japan and Indonesia. [More]
• More tax forms online as return deadline nears 21 June 2011
  The Income Tax Division is reducing the amount of paper that it issues by increasing the range of documents that people who use online tax services can access. [More]
• Notice to Manx residents owning UK registered vehicles 17 June 2011
  Manx residents and Isle of Man based companies are reminded that vehicles purchased in the UK, Ireland or other country MUST be registered as soon as possible after being brought to the Island. [More]
• Compulsory use of Online Employer Tax Services 13 June 2011
  The Income Tax Division has today published a public response document entitled ‘Proposed Introduction of a Compulsory Online Tax Regime for Isle of Man Employers. [More]
• Isle of Man praised for 'effective and expeditious' exchange of tax information 3 June 2011
  THE global body reviewing tax transparency around the world has commended the Isle of Man for the way it exchanges information with other countries. [More]
• Isle of Man praised for ‘effective and expeditious’ exchange of tax information 3 June 2011
  THE global body reviewing tax transparency around the world has commended the Isle of Man for the way it exchanges information with other countries. [More]
• Should You Be Paying This Tax? 3 May 2011
  Have you ever heard of Insurance Premium Tax? I doubt that many of us have although it may be that you’re paying it even though you shouldn’t be. [More]
• Isle of Man signs tax co-operation agreement with Mexico 11 April 2011
  The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Mexico. [More]
• Isle of Man signs tax co-operation agreement with Mexico 11 April 2011
  THE Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Mexico. [More]
• The Tax Treatment of Civil Partners 7 April 2011
  Following the introduction of the Civil Partnership Act 2011, this Practice Note provides guidance on the income tax treatment of civil partners for tax years commencing on or after 6 April 2011. [More]
• Tax agreement with India comes into force 18 March 2011
  On 4 February 2011, the Isle of Man concluded a tax co-operation agreement with India. [More]
• Isle of Man signs tax co-operation agreements with Poland 8 March 2011
  The Isle of Man yesterday (Monday March 7, 2011) signed three agreements with the Republic of Poland. [More]
• Isle of Man signs tax co-operation agreements with Poland 8 March 2011
  The Isle of Man yesterday (Monday March 7, 2011) signed three agreements with the Republic of Poland. [More]
• Treasury Minister: ‘news from EU Code Group as expected’ 23 February 2011
  THE outcome of the 17 February meeting of the EU Code of Conduct on Business Taxation Group on the Isle of Man’s Attribution Regime for Individuals (ARI) contains no surprises, Treasury Minister Anne Craine MHK confirmed today. [More]
• Guidance on the application of the European Savings Directive with effect from 1 July 2011 21 February 2011
  The Income Tax Division of Treasury has today published guidance on the application of the European Savings Directive, with effect from 1 July 2011. [More]
• Isle of Man Government Finances for 2011-12 15 February 2011
  TOTAL tax receipts for 2011-12 are estimated at £535. [More]
• PN 167/11 Budget 2011 - Income Tax and National Insurance Proposals 15 February 2011
  In today’s Budget speech, the Minister for the Treasury, the Hon A Craine MHK, announced various taxation measures which are detailed in Practice Note 167/11 [More]
• Isle of Man to withdraw ARI 15 February 2011
  In her budget speech today (15 February 2011) Treasury Minister Anne Craine MHK announced that the Isle of Man was withdrawing the attribution regime for individuals (ARI) from 6 April 2012. [More]
• Isle of Man signs tax co-operation agreement with India 7 February 2011
  The Isle of Man on Friday (February 4, 2011) signed a Tax Information Exchange Agreement (TIEA) with India. [More]
• Isle of Man signs tax co-operation agreement with India 7 February 2011
  The Isle of Man on Friday (February 4, 2011) signed a Tax Information Exchange Agreement (TIEA) with India. [More]
• Isle of Man signs Double Taxation Agreement with Bahrain 3 February 2011
  The Isle of Man has signed a comprehensive double taxation agreement (DTA) and a memorandum of understanding on economic, trade and technical co-operation (MOU) with Bahrain. [More]
• Isle of Man signs new double taxation agreement with Bahrain 3 February 2011
  The Isle of Man has signed a comprehensive double taxation agreement (DTA) and a memorandum of understanding on economic, trade and technical co-operation (MOU) with Bahrain. [More]
• Important Enhancements to Online Tax Services 27 January 2011
  The Income Tax Division has further enhanced its Online Tax Services. [More]
• Enhancements to Online Tax Services 27 January 2011
  The Income Tax Division has further enhanced its Online Tax Services. [More]
• Isle of Man signs tax co-operation agreement with Canada 17 January 2011
  THE Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Tax Information Exchange Agreement (TIEA) with Canada. [More]
• Isle of Man signs Tax Co-operation Agreement with Canada 17 January 2011
  THE Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Tax Information Exchange Agreement (TIEA) with Canada. [More]
• Income Tax Voluntary Disclosure Scheme 23 December 2010
  In the Treasury Minister’s Budget speech on 16 February 2010, it was announced that the Assessor would, by concession, waive the imposition of penalties and interest during a three month period in the 2010/11 tax year in respect of voluntary disclosures made by taxpayers. [More]
• Corporate income tax return forms for accounting periods ended on 31st December 2009, due on 1st January 2011 16 December 2010
  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]
• The Department of Social Care Announces Changes 16 December 2010
  The Department of Social Care has been working closely with The Children’s Centre to ensure that resources are focused on those most in need and that we achieve best value for the tax payer. [More]
• EU assessment of Isle of Man business taxation continues 8 December 2010
  TREASURY Minister Anne Craine MHK says that the Isle of Man Government will keep a close eye on developments following the latest stage in the ongoing EU assessment of aspects of the Island’s business taxation system. [More]
• Ministers congratulate Divisions on Award success 1 December 2010
  TREASURY Minister Anne Craine MHK has congratulated the Income Tax Division on its success at this year’s Isle of Man Newspapers Awards for Excellence. [More]
• Ministers congratulate Divisions on Award success 30 November 2010
  TREASURY Minister Anne Craine MHK has congratulated the Income Tax Division on its success at this year’s Isle of Man Newspapers Awards for Excellence. [More]
• Interacting with Government online could save you time 25 November 2010
  Local residents are being advised that they could save valuable time when paying their Government bills, such as for rates and electricity, submitting their tax returns and viewing planning applications. [More]
• Update on EU business taxation assessment 22 November 2010
  TREASURY Minister Anne Craine MHK says the Isle of Man Government will continue to monitor developments following Friday’s meeting of the EU Code of Conduct Group which is considering aspects of the Island’s zero-ten business taxation system: [More]
• Treasury Minister encouraged by take-up of online tax services 5 November 2010
  TREASURY Minister Anne Craine MHK says she is encouraged by the growing number of people using Government’s online services to manage their tax affairs. [More]
• Treasury Minister spearheads efforts to enhance Island’s international profile 5 November 2010
  TREASURY Minister Anne Craine MHK has been speaking out on the importance of enhancing the Isle of Man’s international profile. [More]
• Three new Practice Notes published concerning pension schemes 27 October 2010
  The Income Tax Division of Treasury has today published three Practice Notes concerning pension schemes. [More]
• Isle of Man signs tax co-operation agreement with China 26 October 2010
  Signing of TIEA with China creates a powerful new tax co-operation relationship for the Isle of ManThe Isle of Man has today signed a tax information exchange agreement (TIEA) with China. [More]
• Treasury Minister to lecture on ‘Extinction or Evolution: The Future for Offshore Centres’ 21 October 2010
  TREASURY Minister Anne Craine MHK will deliver the prestigious Sir Thomas Gresham Docklands Lecture in London next month. [More]
• Department of Infrastructure to Move Services Online 8 October 2010
  The Department is pleased to announce that it has started a programme to move its customer services online. [More]
• Tax agreement with France comes into force 7 October 2010
  On 26 March 2009, the Isle of Man concluded two tax co-operation agreements with France. [More]
• Tax agreements with Germany come into force 6 October 2010
  On 2 March 2009, the Isle of Man concluded two tax co-operation agreements with Germany. [More]
• Isle of Man Government engages with EU Code Group on Business Taxation 24 September 2010
  TREASURY Minister Anne Craine MHK has welcomed the Island’s first opportunity to represent itself in front of the EU Code of Conduct for Business Taxation Group. [More]
• Update on international relations 24 September 2010
  CHIEF Minister Tony Brown MHK today led the latest in a series of presentations to Tynwald Members on how the Island is developing its external relations programme and dealing with international issues. [More]
• Disclosure Scheme Reminder 13 September 2010
  The 30 September 2010 deadline for using the tax disclosure scheme is now less than three weeks away. [More]
• Return Form Deadline Nears 6 September 2010
  The 6 October 2010 deadline for submitting 2009/10 personal tax returns is now only a month away. [More]
• Taxation of Investment Products - Consultation Response Published 31 August 2010
  The Income Tax Division of the Isle of Man Treasury has today published a document setting out the feedback received on the consultation “Taxation of Investment Products”, which ran from 2 December 2009 until 29 January 2010. [More]
• Too early to speculate on outcome of business tax review - Treasury Minister 11 August 2010
  TREASURY Minister Anne Craine MHK has today moved to allay fears regarding potential job losses in the local financial sector based on speculation over the outcome of the Island’s business tax review. [More]
• Reviewing the Isle of Man's Business Taxation System - Consultation Response Published 30 July 2010
  The Income Tax Division of the Isle of Man Treasury has today (30 July 2010) published a document which sets out the feedback received on the consultation “Reviewing the Isle of Man’s Business Taxation System”; which ran from 25 February until 28 May 2010. [More]
• Tax agreements with New Zealand come into force 29 July 2010
  On 27 July 2009, the Isle of Man concluded two tax co-operation agreements with New Zealand. [More]
• Isle Of Man signs tax co-operation agreement with Portugal 13 July 2010
  The Isle of Man has continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Tax Information Exchange Agreement (TIEA) with the Portuguese Republic. [More]
• PN 163/10 Taxation of Non-Executive Directors' Fees (Supplemental) 13 July 2010
  Following the publication of Practice Note 162/10, the Assessor has been asked for further clarification of the income tax and national insurance position of non-executive directors who receive fees from companies. [More]
• Isle of Man signs tax co-operation agreement with Portugal 9 July 2010
  The Isle of Man today continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Tax Information Exchange Agreement (TIEA) with the Portuguese Republic. [More]
• Minister for Infrastructure way of UK Government introduction of "per plane duty" tax 1 July 2010
  In last Tuesday’s UK budget, plans to take forward proposals for a Per-Plane Duty to replace Air Passenger Duty (APD) were announced. [More]
• Income Tax Voluntary Disclosure Scheme 28 June 2010
  In the Treasury Minister’s Budget speech on 16 February 2010, it was announced that the Assessor would by concession, waive the imposition of penalties and interest in respect of voluntary disclosures made by taxpayers during a three month period in the 2010/11 tax year with the exact dates being announced in due course. [More]
• American tax chief praises Island stance 23 June 2010
  THE head of an influential taxation agency in the United States of America has praised the Isle of Man for leading the way in developing international standards of tax transparency and co-operation. [More]
• Taking the profit out of crime 21 June 2010
  A total of £285,000 has been seized in the Isle of Man from criminals in the past year, money that will go to help the fight against crime. [More]
• Isle of Man moves ahead with preparation for EU Savings Directive changes 17 June 2010
  The Isle of Man’s parliament, Tynwald, has this week endorsed the commitment made in June 2009, by the then Treasury Minister, Allan Bell MHK, to a change of policy in relation to the EU Savings Directive (EUSD) that will see the Isle of Man, in its application of the EUSD, move fully to automatic exchange of information from 1 July 2011. [More]
• Payments in Respect of National Insurance Contributions 19 May 2010
  Please note that from Friday 21st May 2010, all payments in respect of National Insurance Contributions should be made to the Income Tax Division, The Treasury, 2nd Floor, Government Office, Bucks Road, Douglas. [More]
• Taxpayers encouraged to submit annual returns online 7 May 2010
  TAXPAYERS are being encouraged to submit their annual returns online as part of a drive to achieve greater efficiencies and further improve customer service. [More]
• Taxation of Non-Executive Director's fees 9 April 2010
  This Practice Note seeks to clarify the treatment of non-executive directors’ fees paid by Isle of Man companies to Manx-resident directors for income tax instalment payments and National Insurance contributions purposes. [More]
• Income Tax Division Enhances Online Services for Individuals and Employers 6 April 2010
  The Income Tax Division of Treasury has announced further enhancements to its online services from 6 April 2010. [More]
• Employer Online Proposals 1 April 2010
  Treasury is now proposing to phase in the compulsory use of Online Tax Services for Employers. [More]
• Consultation on the Isle of Man's business taxation system starts 25 February 2010
  As announced in the budget speech of Hon Allan Bell, MHK, on 16 February 2010, the Isle of Man Government is today starting its public consultation on potential changes to the business taxation system. [More]
• PN 161/10 – Budget 2010 – Income Tax Proposals - Income Tax Press Release 16 February 2010
  In today’s Budget speech, the Minister for the Treasury, the Hon A R Bell MHK, announced various taxation measures which are detailed in Practice Note 161/10Malcolm CouchAssessor of Income Tax [More]
• Budget takes first steps on the road to change 16 February 2010
  THE Isle of Man Government has risen to the challenge of its revenue shortfall with a Budget for Change that combines lower public spending, increased taxation and the use of reserves. [More]
• Good news for Isle of Man yacht chartering business 11 February 2010
  The guidance on the VAT treatment of yacht chartering or leasing activity contained in Revenue & Customs Brief 56/09 (RCB 56/09) was discussed on 3 February 2010 by representatives of the IOM Yacht Forum, IOM Customs & Excise and HM Revenue and Customs (HMRC). [More]
• Double taxation agreement with Malta comes into force 5 February 2010
  On 23 October 2009, the Isle of Man concluded a comprehensive double taxation agreement with Malta. [More]
• Double taxation agreement with Malta comes into force 4 February 2010
  On 23 October 2009, the Isle of Man concluded a comprehensive double taxation agreement with Malta. [More]
• Further enhancement to Online Tax Services announced 26 January 2010
  The Income Tax Division of Treasury has released a further enhancement to its Individuals Online Tax Services which will allow you or your agent to submit returns online for any tax year ending 5 April 2009 or later. [More]
• Tax co-operation agreements with Australia come into force 6 January 2010
  On 29 January 2009, the Isle of Man concluded two tax co-operation agreements with Australia: [More]
• Tax co-operation agreements with Australia come into force 6 January 2010
  On 29 January 2009, the Isle of Man concluded two tax co-operation agreements with Australia: [More]
• Double taxation agreement with Estonia comes into force 22 December 2009
  On 8 May 2009, the Isle of Man concluded a comprehensive double taxation agreement with Estonia. [More]
• Double taxation agreement with Estonia comes into force 22 December 2009
  On 8 May 2009, the Isle of Man concluded a comprehensive double taxation agreement with Estonia. [More]
• Company Tax Returns and the New Year Holidays 17 December 2009
  The deadline for sending company tax returns to the Income Tax Division of Treasury is 12 months and one day from the end of the company’s accounting period (‘the due date’). [More]
• Further enhancement to Online Tax Services announced 8 December 2009
  The Income Tax Division of Treasury has today released a further enhancement to its Employer Online Tax Services which will allow employers or their agents to submit their T37 annual return online for the tax year ending 5 April 2010 and subsequent years. [More]
• Taxation of Investment Products - A Consultation Document 2 December 2009
  Since the beginning of the year the Treasury has been working with representatives from private sector professions to review the taxation of investment products. [More]
• World focus on international tax standards set to intensify 2 December 2009
  Speaking on “The Evolution of Global Tax Standards” at a conference on the Future of Onshore and Offshore Financial Centres, Malcolm Couch, Assessor of Income Tax in the Isle of Man, acknowledged there will be increased attention on the development and implementation of tax standards over the next five years, and warned that the development of effective standards would rely on increased international dialogue and the building of consensus. [More]
• Dhss Budgetary Pressures. 11 November 2009
  As a result of the recent decision by the UK Government to renegotiate the VAT Sharing Agreement together with the reduction in the rate of the tax to 15%, Government revenue will be substantially reduced in the coming years. [More]
• Revisions to Corporate Guidance Notes 10 November 2009
  The Income Tax Division has today issued updated Guidance Notes regarding the Distributable Profits Charge (GN 36), Pay and File Regime (GN 38) and Attribution Regime for Individuals(GN 41 and 42). [More]
• DAFF Announces Temporary Closure of Support Schemes 6 November 2009
  The Department of Agriculture, Fisheries and Forestry has today announced that it is temporarily closing the Farm and Horticultural Improvement and Fishing Vessel Financial Assistance Schemes, with immediate effect from 12am today. [More]
• The Isle of Man Signs a New Double Taxation Agreement With Malta 26 October 2009
  The Isle of Man today signed a comprehensive double taxation agreement (DTA) with Malta. [More]
• PN 160/09 The Taxation of Trusts in the Isle of Man - Additional Guidance 26 October 2009
  This Practice Note should be read in conjunction with PN 141/07 – The Taxation of Trusts in the Isle of Man - which sets out the Assessor's view of when trustees and beneficiaries of trusts may be subject to Isle of Man income tax. [More]
• The Isle of Man signs a new double taxation agreement with Malta 23 October 2009
  This is the third double taxation agreement in six months that the Isle of Man has signed with a European Union member stateThe Isle of Man today signed a comprehensive double taxation agreement (DTA) with Malta. [More]
• The Future Business Taxation Regime in the Isle of Man 22 October 2009
  Treasury Minister Allan Bell MHK has given an assurance that any changes to the Isle of Man’s business tax system will be subject to full consultation and the usual legislative process. [More]
• Revenue sharing arrangements 14 October 2009
  CHIEF Minister Tony Brown MHK has confirmed that discussions are continuing between the Isle of Man and United Kingdom governments over a revision of the arrangements for sharing revenue from VAT and other indirect tax between the two countries. [More]
• Practice Note 159/09 - Taxation of Interest due from Kaupthing Singer and Friedlander (Isle of Man) Ltd (in Liquidation) 5 October 2009
  This practice note is relevant to Isle of Man resident individuals who had accounts with Kaupthing Singer and Friedlander (IOM) Ltd (in liquidation) (‘KSF depositors’) immediately before it went into provisional liquidation on 9 October 2008, and their agents. [More]
• September 2009 :Changes to the taxation of pensions for UK residents receiving an Isle of Man pension. 8 September 2009
  For more information follow this link to the Isle of Man Income Tax Divisions Website http: [More]
• Practice Note 158/09 - Isle of Man Pensions paid to Non-Residents 13 August 2009
  The Income Tax Division of Treasury has today published a Practice Note relating to the taxation of Isle of Man pensions paid to non-residents. [More]
• Composite voucher published online 7 August 2009
  The Income Tax Division has today published a composite company distribution voucher which can also be used as a Certificate of Attribution. [More]
• Isle of Man Signs Tax Co-operation Agreements with New Zealand 28 July 2009
  As part of its ongoing programme of developing closer economic and taxation co-operation with other countries, the Isle of Man has today (Monday, 27 July 2009) concluded agreements with the government of New Zealand. [More]
• Isle of Man signs tax co-operation agreements with New Zealand 27 July 2009
  As part of its ongoing programme of developing closer economic and taxation co-operation with other countries, the Isle of Man has today (Monday, 27 July 2009) concluded agreements with the government of New Zealand. [More]
• Isle of Man signs comprehensive double taxation agreement with Belgium 16 July 2009
  This is the second double taxation agreement that the Island has signed with a European Union member stateIsland remains at the forefront of tax co-operation and builds its strength as an international business centre The Isle of Man today signs a comprehensive double taxation agreement (DTA) with Belgium. [More]
• Isle of Man Signs Comprehensive Double Taxation Agreement With Belgium 16 July 2009
  This is the second double taxation agreement that the Island has signed with a European Union member state. [More]
• Press Release - Tax Return Deadline Nears 1 July 2009
  The Income Tax Division is taking the opportunity to remind everyone that the deadline for submitting 2008/09 personal income tax returns is now just over three months away. [More]
• Practice Note 157/09 (updated) United Kingdom and Republic of Ireland Pensions 26 June 2009
  The Income Tax Division of Treasury has today issued an updated version of Practice Note PN 157/09 which is relevant to Manx residents in receipt of pensions from the United Kingdom or the Republic of Ireland, and their agents. [More]
• Isle of Man Treasury Minister announces major tax policy move at OECD Forum in Paris 24 June 2009
  The announcement of a move to automatic exchange of information under the EU Savings Directive keeps the Isle of Man at the forefront of tax co-operation The Isle of Man Treasury Minister, Allan Bell, MHK, will speak today (24 June 2009) at the prestigious international 10th Organisation for Economic Co-operation and Development (OECD) Forum in Paris, “The Crisis and Beyond”. [More]
• Isle of Man announces move to automatic exchange of information 24 June 2009
  Island becomes the first offshore territory to adopt the legislationThe Isle of Man will move to automatic exchange of information within the EU in its application of the European Union Savings Directive (EUSD), putting it at the forefront of international tax co-operation and transparency allowing for free exchange between countries. [More]
• Isle of Man signs comprehensive double taxation agreement with Estonia 8 May 2009
  The Isle of Man today signs a comprehensive double taxation agreement (DTA) with Estonia. [More]
• Isle of Man signs comprehensive Double Taxation Agreement with Estonia 8 May 2009
  Signing a new double taxation agreement with Estonia, a European Union member state, further builds the Isle of Man’s strength as an international business centre. [More]
• Practice Note 157/09 United Kingdom and Republic of Ireland Pensions 7 May 2009
  The Income Tax Division of Treasury has today issued Practice Note PN 157/09 which is relevant to Manx residents in receipt of pensions from the United Kingdom or the Republic of Ireland, and their agents. [More]
• Isle of Man welcomes UK statement on OECD White List 30 April 2009
  Chief Minister Tony Brown welcomed a statement today (30 April 2009) by Stephen Timms MP, Financial Secretary to the Treasury, recognising the Isle of Man’s commitment to international regulatory standards and its listing by the OECD on its “White List” of jurisdictions that have substantially implemented the internationally agreed standard on exchange of information on tax matters. [More]
• Income Tax Act 2009 Comes into Effect 23 April 2009
  The granting of Royal Assent to the Income Tax Bill 2008 was announced to Tynwald on 21 April 2009. [More]
• Progress Report from Michael Foot welcomed by Isle of Man 21 April 2009
  Chief Minister Tony Brown MHK, commenting today (21 April 2009) on the progress report which has been submitted by Michael Foot to the UK Chancellor Alistair Darling, stated: [More]
• Isle of Man recognised on OECD tax ‘white list’ 14 April 2009
  THE Isle of Man Government has welcomed the Island’s inclusion on the OECD ‘white list’ of countries complying with the global standard for tax co-operation and exchange of information. [More]
• Isle of Man welcomes Prime Minister’s letter 14 April 2009
  THE Isle of Man Government has welcomed a letter from UK Prime Minister Gordon Brown recognising the Island’s compliance with international standards on taxation. [More]
• Practice Note 156/09 Revision to the Assessor's Practice in Respect of Distributions from Company Reserves 6 April 2009
  The Income Tax Division of Treasury has today issued Practice Note PN 156/09 which is relevant to all Manx resident companies, their shareholders and agents. [More]
• Tax co-operation agreements with the United Kingdom come into force 6 April 2009
  On 29 September 2008, the Isle of Man concluded taxation agreements with the United Kingdom. [More]
• Isle of Man recognised on OECD tax ‘white list’ 3 April 2009
  THE Isle of Man Government has welcomed the Island’s inclusion on the OECD ‘white list’ of countries complying with the global standard for tax co-operation and exchange of information. [More]
• The Income Tax Commission 26 March 2009
  The Appointments Commission* is seeking applications from individuals for membership of the Income Tax Commission. [More]
• Isle of Man Signs Tax Co-operation Agreement with France 26 March 2009
  Signing of 12th TIEA with OECD countries places the Isle of Man at the forefront of tax co-operation. [More]
• Isle of Man signs Tax Co-operation Agreement with France 26 March 2009
  Signing of 12th TIEA with OECD countries places the Isle of Man at the forefront of tax co-operationThe Isle of Man today signs a Tax Information Exchange Agreement (TIEA) with France. [More]
• Isle of Man Signs Tax Co-operation with Germany 2 March 2009
  The Isle of Man has taken a further important step today (Monday, 2 March 2009) in its programme of developing closer economic and taxation co-operation with other countries by concluded agreements with the government of Germany. [More]
• Isle of Man signs Tax Co-operation Agreements with Germany 2 March 2009
  The Isle of Man has taken a further important step today (Monday, 2 March 2009) in its programme of developing closer economic and taxation co-operation with other countries by concluded agreements with the government of Germany. [More]
• Avoid “Get Rich Quick” schemes 27 February 2009
  The Isle of Man Office of Fair Trading is warning consumers to think very carefully before committing themselves to “get rich quick” schemes which claim to offer “the secret to wealth”. [More]
• Practice Note 155/09 - Budget 2009 - Income Tax Proposals 17 February 2009
  In today’s Budget speech, the Minister for the Treasury, the Hon A R Bell MHK, announced various financial measures which are detailed in Practice Note 155/09. [More]
• Budget strikes balance in challenging times 17 February 2009
  A BALANCED Budget package offering support for the economy while avoiding tax increases or public service cuts has been produced in Tynwald today (Tuesday, February 17, 2009) by Treasury Minister Allan Bell MHK. [More]
• Online Service Upgrades prior to 1st March 2009 15 February 2009
  The Following is the list of Online Service News Releases prior to March 2009. [More]
• Keeping your Address Information Up-to-Date 4 February 2009
  The Income Tax Division of Treasury will shortly be preparing income tax return forms to be issued in April 2009 to most people living in the Isle of Man. [More]
• Practice Note 154/09 Interest and Repayment Supplement - Change of Rate 30 January 2009
  The Income Tax Division of Treasury has today issued a Practice Note (PN 154/09) advising the new rates which will come into effect in February 2009. [More]
• Isle of Man signs Tax Co-operation Agreements with Australia 29 January 2009
  As part of its continuing programme of developing closer economic and taxation co-operation with other countries, the Isle of Man has today (Thursday, 29 January 2009) concluded agreements with the government of Australia. [More]
• Tax Co-operation Agreements with Ireland Come into Force 19 January 2009
  On 24 April 2008, the Isle of Man concluded taxation and economic co-operation agreements with Ireland. [More]
• Practice Note 153/09 Isle of Man Approved Pension Schemes - Triviality 15 January 2009
  The Income Tax Division of Treasury has today issued Practice Note 153/09 explaining: [More]
• Income Tax Assessment Notices – Printing Quality Problem Identified 8 January 2009
  The Income Tax Division has confirmed today that a number of tax assessment notices issued since 7 January 2009 may be missing descriptive text. [More]
• Company Tax Returns and the New Year Holidays 19 December 2008
  The deadline for sending company tax returns to the Income Tax Division of Treasury is 12 months and one day from the end of the company’s accounting period (‘the due date’). [More]
• Final Notifications of Tax Co-operation Agreements with Nordic Countries 5 December 2008
  On 30 October 2007, the Isle of Man concluded taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• Government Accounts 2007-08 21 October 2008
  The Treasury has this week released the audited Government’s Accounts for the year to 31 March 2008 These Accounts are the financial report style version of the Accounts and have been subject to audit by the Public Auditors. [More]
• New Guidance Note published - GN 43 "Tax Information Exchange Agreements" 16 October 2008
  The Income Tax Division has today published guidance note GN 43 explaining Treasury’s policy on international tax co-operation and describing how tax information exchange agreements (“TIEAs”) work. [More]
• 'I Don't Want To Be the Boss of Farmers' Says Agriculture Minister 2 October 2008
  DAFF Minister, Phil Gawne, addressed a packed meeting of the Positive Action Group at the Empress Hotel on Monday 29th September. [More]
• Isle of Man Strengthens Tax Co-operation with the United Kingdom 29 September 2008
  The Isle of Man continues its programme of developing closer economic and taxation co-operation with other countries and has now concluded agreements with the government of the United Kingdom. [More]
• Isle of Man strengthens tax co-operation with the United Kingdom 29 September 2008
  The Isle of Man continues its programme of developing closer economic and taxation co-operation with other countries and has now concluded agreements with the government of the United Kingdom. [More]
• Further Update on the Tax Co-operation Agreements with Nordic Countries 19 September 2008
  ON 30 October 2007, the Isle of Man concluded taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• Tax Return Deadline Nears 15 September 2008
  The deadline for submitting 2007/08 personal tax returns is now only three weeks away. [More]
• Further Update on Tax Co-Operation Agreements With Nordic Countries 9 September 2008
  ON 30 October 2007, the Isle of Man concluded taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• GN 42 - Overview of the Attribution Regime for Individuals 15 August 2008
  The Income Tax Division of Treasury has today published a further guidance note on the Attribution Regime for Individuals. [More]
• Further Update on Tax Co-operation Agreements with Nordic Countries 7 August 2008
  On 30 October 2007, the Isle of Man concluded taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• Practice Note 152/08 Private Medical Insurance Relief - New Nightly Cash Benefit Limit 7 August 2008
  The Income Tax Division of Treasury has today issued Practice Note 152/08 advising of an increase in the nightly cash benefit limit. [More]
• GN41 - Attribution Regime for Individuals 4 August 2008
  The Income Tax Division of Treasury has today published a guidance note on the Attribution Regime for Individuals. [More]
• Practice Note 151/08 Improving Compliance with Tax Return Obligations 31 July 2008
  The Income Tax Division of Treasury has today issued Practice Note 151/08 outlining changes to be introduced by the Division in the coming year in order to improve compliance with tax return obligations. [More]
• Tax Return Deadline Nears 14 July 2008
  The deadline for submitting 2007/08 personal tax returns is now less than three months away. [More]
• Received a letter from the US Embassy? 3 July 2008
  If you have recently received a letter from the Internal Revenue Service (IRS) of the United States Department of the Treasury based at the United States Embassy asking for personal and financial information do not reply to it – it is a scam. [More]
• Income Tax (Pensions) Act 2008 - Draft Orders and Regulations - Consultation Response 1 July 2008
  The Income Tax Division has today published a consultation response document on the draft orders and regulations needed to support provisions being introduced by the Income Tax (Pensions) Act 2008. [More]
• Update on Tax Co-operation Agreements with Nordic Countries 13 June 2008
  On 30 October 2007, the Isle of Man concluded taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• Benefits in Kind - Taxation of Company Cars and Fuel - Proposal Document 13 May 2008
  The Income Tax Division on behalf of Treasury has today published a document outlining proposed changes to the taxation of company cars and fuel provided to employees by their employers. [More]
• Proposals For The Manx Taxation Strategy 12 May 2008
  In November 2007 the Income Tax Division, on behalf of Treasury, published 'Proposals for the Manx Taxation Strategy for the Period 2007-2012'. [More]
• Enhancement to Online Tax Services Announced 1 May 2008
  The Income Tax Division of Treasury has today released a further enhancement to its Online Tax Services which will allow employers to submit employee details. [More]
• Isle of Man Aircraft Registry Celebrates First Birthday 1 May 2008
  The Isle of Man Aircraft Registry is today celebrating its first anniversary having registered more than 50 aircraft since its launch on 1st May 2007. [More]
• PN 150/08 European Directive On The Taxation Of Savings Income - Further Update On Reporting Procedures And Related Matters For Paying Agents 29 April 2008
  The purpose of PN 150/08 is to provide an update for paying agents in relation to: [More]
• Isle of Man Signs Tax Co-operation Agreements with Ireland 24 April 2008
  The Isle of Man continues its programme of developing closer economic and taxation co-operation with other countries and has today concluded agreements with the government of Ireland. [More]
• Press Release - Company Tax Return Form Penalties 16 April 2008
  The Income Tax Division of Treasury would like to remind officers and agents of all companies with accounting periods ending after 6 April 2007 that they must file their income tax return form for that period within 12 months and one day from that date (i. [More]
• Company income tax return forms for accounting periods ending on 31 March and 5 April 2008 16 April 2008
  Because a large number of companies have accounting periods ending on either 31 March or 5 April, the Income Tax Division has decided to issue their company tax returns in batches during April. [More]
• Income Tax (Pensions) Bill 2007 - Consultation on the Draft Orders & Regulations 14 April 2008
  The Income Tax Division has today published a consultation document on the draft orders and regulations needed to support provisions being introduced via the Income Tax (Pensions) Bill 2007. [More]
• Practice Note 149/08 Taxation of Manx Pension Schemes Reform - Transitional Issues 13 March 2008
  The Income Tax (Pensions) Bill 2007 recently introduced into the Branches of Tynwald, will make major changes to the taxation of pensions on the Island. [More]
• Treasury Minister comments on UK Budget 12 March 2008
  Treasury Minister Allan Bell MHK today commented on the UK Chancellor's Budget Statement, stating: [More]
• Press Release - Isle of Man Ratifies Nordic Tax Agreements 12 March 2008
  The Isle of Man parliament, Tynwald, has today (12 March 2008) ratified the taxation agreements with the Nordic Council countries of Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden; signed by the Treasury Minister, Allan Bell MHK, in Oslo on 30 October 2007. [More]
• Income Tax Division Enhances Online Payment Services For Employers and Other Users 6 March 2008
  The Income Tax Division of Treasury has announced the introduction of a further payment method for those users wishing to make payments via the Income Tax Division’s Online Payment Service. [More]
• GN 40 - Benefit in Kind 3 March 2008
  The Income Tax Division has issued a new Guidance Note relating to Benefit in Kind. [More]
• PN 148/08 - Budget 2008 Income Tax Proposals 19 February 2008
  In today's Budget speech, the Minister for the Treasury, the Hon A R Bell MHK, announced various financial measures which are detailed in Practice Note 148/08. [More]
• Practice Note 147/08 Interest and Repayment Supplement - Change of Rate 13 February 2008
  The Income Tax Division of Treasury has today issued a Practice Note (PN 147/08) advising the new rates which will come into effect in March 2008. [More]
• Press Release 25 January 2008 - Proposed United Kingdom Tax Changes 25 January 2008
  THE Treasury is addressing potential implications for the Island of proposed changes to income tax rules in the United Kingdom, Minister Allan Bell MHK confirmed today. [More]
• Income Tax Division Update Seminars - publication of slides 24 January 2008
  The Income Tax Division of Treasury held three seminars during January 2008 providing detailed updates on the future tax strategy, pensions, the attribution regime for individuals and international matters. [More]
• Income Tax Update - Technical Seminar on Wednesday 23 January 2008 4 January 2008
  Due to the seminars on Thursday 10 January and Tuesday 15 January being oversubscribed a third session has been arranged for Wednesday 23 January. [More]
• Press Release 19 December 2007 - ARI to go ahead 19 December 2007
  Further to the publication by the Treasury on 26 October 2007 of a proposal to replace the distributable profits charge, or DPC, Tynwald approved an Order at its sitting on Tuesday 11 December 2007 that will repeal the DPC system and introduce the attribution regime for individuals, or ARI, from 6 April 2008. [More]
• Income Tax Technical Seminars - January 2008 18 December 2007
  Senior officers of the Income Tax Division will provide a detailed update on the future tax strategy, pensions, the attribution regime for individuals and international matters. [More]
• Proposals for the Manx Taxation Strategy for the Period 2007-2012 15 November 2007
  The Income Tax Division on behalf of Treasury has today published 'Proposals for the Manx Taxation Strategy for the Period 2007-2012'. [More]
• Isle of Man First to Sign Co-operation Agreements with Nordic Countries 30 October 2007
  The Isle of Man has achieved another first by concluding taxation and economic co-operation agreements with the seven members of the Nordic Council – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. [More]
• Replacing the Distributable Profits Charge - A Proposal Document 26 October 2007
  The Income Tax Division has today published a proposal document on the replacement of the Distributable Profits Charge in the Isle of Man. [More]
• GN 38 The Pay & File Income Tax System for Companies 23 October 2007
  The following amendments and additions have been made to GN 38: [More]
• Penalties For Non-Submission Of Income Tax Return Forms 19 October 2007
  The Assessor of Income Tax has announced today that 4,531 people failed to send in their 2006/07 tax return by the deadline date, which was 6 October 2007. [More]
• Income Tax (Pensions) Bill 15 October 2007
  The Income Tax Division, on behalf of Treasury, has today published the proposed Income Tax (Pensions) Bill. [More]
• Practice Note 146/07 - 1. Repeal of Corporate Charge Legislation 2. Introduction of Civil Penalties for Corporate Taxpayers 9 October 2007
  1. [More]
• Practice Note 145/07 - The Taxation of Partnerships in the Isle of Man 2 October 2007
  The Income Tax Division of Treasury has today issued a Practice Note (PN 145/07) concerning the taxation of partnerships in the Isle of Man. [More]
• Personal Tax Returns Deadline 28 September 2007
  The Income Tax Division of Treasury is advising that there are only eight days to go to the deadline for submitting personal tax returns issued in April 2007. [More]
• Isle of Man Funds Total Reaches US$50.1 Billion 14 September 2007
  Funds under administration in the Isle of Man have reached a total of US$50. [More]
• Income Tax Division Launches Online Services For Individuals 24 August 2007
  The Income Tax Division of Treasury has announced the launch of convenient, easy to use and secure online services for individual taxpayers. [More]
• Income Tax Division launches Online Services for Individuals 16 August 2007
  A new enquiry and payment service has been added for Individuals, who can now view their return and assessment details, whilst also being able to view their balance position and make payments online by debit or credit card. [More]
• Income Tax System Upgraded 15 August 2007
  A new enquiry and payment service has been added for Individuals, who can now view their return and assessment details, whilst also being able to view their balance position and make payments online by debit or credit card. [More]
• Isle of Man confirmed on UK white list 9 August 2007
  Commenting on the announcement that the Isle of Man has been placed on the UK white list allowing Isle of Man e-Gaming companies to market into the UK, David Cretney MHK, Minister for the Isle of Man Department of Trade & Industry (DTI), said: [More]
• 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. [More]
• Taxation of Pension Schemes - Extra Statutory Concessions - Government Circulars 20/07 & 21/07 28 June 2007
  The Income Tax Division, on behalf of Treasury, is today announcing two new Extra Statutory Concessions: [More]
• Practice Note 144/07 - Tax Residence in the Isle of Man 13 June 2007
  The Income Tax Division of Treasury has today issued a Practice Note (PN 144/07) concerning Isle of Man tax residence status for both individuals and companies. [More]
• Online Payments For Employers, Contractors and Third Party Payers 23 May 2007
  The Income Tax Division of Treasury are pleased to announce the introduction of an online payments facility for employers, contractors and third party payers. [More]
• Company Return Form (R1C) Guidance Notes 16 May 2007
  The Income Tax Division of Treasury has today published the Guidance Notes (GN39) to be used with the Company Return Form (R1C) for accounting periods ending after 6 April 2007. [More]
• Citizens Advice Visits 2007 11 May 2007
  A timetable detailing when members of the Income Tax Division will be visiting Citizens Advice locations can be found hereMalcolm CouchAssessor of Income Tax [More]
• ACCA Presentation 11 May 2007
  The slides from the ACCA presentation 'Income Tax General Update' held on 10 May 2007 are available hereMalcolm CouchAssessor of Income Tax [More]
• Practice Note 143/07 Company Income Tax Return Form Requirement for Accounting Periods ending on or after 6 April 2007 4 May 2007
  The Income Tax Division of Treasury has today issued a Practice Note (PN 143/07) confirming the income tax return form requirements for all companies for accounting periods ending on or after 6 April 2007. [More]
• GN 38 - The Pay & File Income Tax System For Companies 18 April 2007
  The Income Tax Division of Treasury has today published a Guidance Note relating to the new Pay & File income tax system for companies. [More]
• Value Added Tax - Fuel Scale Charges 10 April 2007
  From 1 May 2007 the method of determining how much a business has to pay in VAT for the private use of a business vehicle will change. [More]
• Company 'Pay & File' Regime 5 April 2007
  A new page has been added to the Income Tax Division website regarding the new Company Pay & File regime. [More]
• Banking Code – Updated Guidance Notes 3 April 2007
  The Commission has updated its guidance for completion of the banking returns. [More]
• Banking Code – Updated Guidance Notes 2 April 2007
  The Commission has updated its guidance for completion of the banking returns. [More]
• Treasury Department prepares to roll out Online Services for Island Businesses 30 March 2007
  The Treasury Department of the Isle of Man Government is gearing up for the rollout of Online Services that provide convenient, easy to use and secure access to Income Tax Division services for businesses. [More]
• Isle of Man Government 2007/8 Main Budget Speech 20 March 2007
  A MEASURED Budget package aimed at securing the future of the Island’s economy and public finances was delivered by Treasury Minister Allan Bell MHK in Tynwald today (Tuesday, March 20, 2007). [More]
• Practice Note 142/07 Budget 2007-Income Tax Proposals 20 March 2007
  In today's Budget speech, the Minister for the Treasury, the Hon A R Bell MHK, announced various financial measures which are detailed in Practice Note PN 142/07. [More]
• Taxation of Pension Schemes - Consultation Response Document 20 March 2007
  In today's Budget speech, the Minister for the Treasury, the Hon A R Bell MHK, also announced the publication of Treasury's response to the taxation of pension schemes consultation. [More]
• Practice Note 141/07 The Taxation of Trusts in the Isle of Man 8 March 2007
  The Income Tax Division of Treasury has today issued a Practice Note (PN 141/07) covering the taxation of trusts in the Isle of Man. [More]
• Practice Note 140/07 -EUROPEAN DIRECTIVE ON THE TAXATION OF SAVINGS INCOME - Update on Reporting Procedures and Related Matters for Paying Agents 6 March 2007
  The Income Tax Division of Treasury has today issued a Practice Note (PN 140/07) providing additional information in relation to the reporting requirements of existing and new paying agents following the accession of Bulgaria and Romania to the European Union. [More]
• Tynwald Sitting - 20th February 2007 20 February 2007
  Oral Question 9 | Oral Question 10 | Oral Question 11 | Oral Question 12 | Oral Question 13 | Oral Question 14 | Oral Question 15 | Written Question 39 | Written Question 40The question number refers to the question order specified in the official Keys Question Paper. [More]
• The Income Tax Commissioners 17 January 2007
  The Appointments Commission* is seeking applications from individuals for membership of the Income Tax Commissioners. [More]
• Treasury Appoints New Deputy Assessor 8 December 2006
  Nicola Guffogg is to join the Income Tax Division of Treasury as a Deputy Assessor of Income Tax reporting to the Assessor, Malcolm Couch. [More]
• Practice Note 139/06 - Corporate Income Tax Regime - The New Basis of Assessment 23 November 2006
  The Income Tax Division of Treasury has today issued a Practice Note (PN 139/06) which sets out the transitional arrangements for corporate taxpayers moving onto the new accounting period basis of assessment commencing from 6 April 2007. [More]
• Corporate Charge 7 November 2006
  The Income Tax Division of Treasury will be issuing Corporate Charge Notices this week. [More]
• Practice Note 138/06 - Corporate Taxpayers Income Derived from Land and Property in the Isle of Man 2 November 2006
  Income Tax Division, on behalf of Treasury, has today issed a Practice Note providing further guidance on the taxation of income from Isle of Man land and property received by corporate taxpayers. [More]
• Treasury Minister comments on Public Sector "Pension Deficits" 30 October 2006
  The Treasury Minister, Hon. [More]
• Taxation of pension schemes - Consultation document released 24 October 2006
  The Treasury's Income Tax Division has published a consultation document concerning the taxation of pension schemes in the Isle of Man. [More]
• The Taxation of Pension Schemes - A Consultation Document 10 October 2006
  The Income Tax Division has today published a consultation document about the taxation of pension schemes in the Isle of Man. [More]
• GN36 - Distributable Profits Charge 9 October 2006
  The Income Tax Division, on behalf of Treasury, has today issued an updated Guidance Note regarding the Distributable Profits Charge. [More]
• Downturn in Uk Film Production Industry Impacts on Island 9 October 2006
  Autumn has got off to a quieter start than usual in terms of on-Island film production activity this year. [More]
• Personal Income Tax Return Form Submission 22 September 2006
  The Income Tax Division of Treasury is advising individuals that there are only just 14 days to go to the deadline date for submitting personal income tax return forms issued in April 2006. [More]
• Tax agreements with the Netherlands now in operation 3 August 2006
  Ground-breaking tax agreements between the Isle of Man and the Netherlands are now in operation, Treasury Minister Allan Bell, MHK, confirmed today (3 August 2006). [More]
• Illegal Use Of Greenway Roads: Joint Statement By the Iom Constabulary, Daff, Dot and Dtl 3 August 2006
  The subject of illegal vehicular use of the Island’s Upland Greenway Roads and open moorland has received increasing levels of comment in recent years. [More]
• Treasury responds to Corporate Tax Cap Consultation 3 August 2006
  The Treasury has today released its response to the consultation exercise “Capping Corporate Tax Liabilities”. [More]
• Tax-free income limit from TT Homestay to go up 3 August 2006
  The tax-free income limit in respect of the TT Homestay Scheme is to be raised to £1,500. [More]
• Tax Return Deadline Nears 21 July 2006
  The Income Tax Division of Treasury has today issued a News Release reminding people of the approaching deadline for submission of their tax return. [More]
• European Union Directive on the Taxation of Savings Income - Returns of Information and Retention Tax 20 July 2006
  The Income Tax Division of Treasury issued a Practice Note on 16 September 2005 (PN 118/05) that gave details of the operational aspects of the Savings Directive in the Isle of Man. [More]
• The Zero Rate Extra-Statutory Concessions 18 July 2006
  Following the introduction of the ‘0/10’ tax regime for companies by the Income Tax (Amendment) Act 2006 and associated Orders and Regulations, a number of extra-statutory concessions are no longer needed. [More]
• New Income Tax Legislation 13 July 2006
  The Treasury can confirm that Royal Assent was given on 11 July 2006 to both the Income Tax (Amendment) Act 2006 and the Income Tax (Corporate Taxpayers) Act 2006. [More]
• Practice Note 136/06 - Administration of the Corporate Charge 7 July 2006
  The Income Tax Division of Treasury has today published a Practice Note (PN 136/06) relating to the administration of the corporate charge. [More]
• Guidance Note 36 - Distributable Profits Charge 3 July 2006
  The Income Tax Division, on behalf of Treasury, has today issued an updated Guidance Note regarding the Distributable Profits Charge. [More]
• Repeal of Special Company Income Tax Regimes from 6 April 2007 - Guidance Issued 28 June 2006
  The Income Tax Division of Treasury has today issued a Practice Note (135/06) giving general guidance on the repeal of special company income tax regimes from 6 April 2007. [More]
• System of Tax Reliefs for Individuals in the Isle of Man - Consultation Response 19 June 2006
  Treasury has today published a response to the consultation on the System of Tax Reliefs for Individuals in the Isle of Man. [More]
• Short-term Residence Concession 7 June 2006
  The current Short-term Residence Concession (“STRC”) refers to married couples using terminology derived from tax law that was in effect when the concession was published. [More]
• Income Tax Help and Guidance - Citizens' Advice Visits 31 May 2006
  An officer from the Income Tax Division will be available to help you complete your return form and answer any queries about your tax affairs at the following locations: [More]
• Tax Update Seminar 18 May 2006
  The Income Tax Division held 'Tax Update' seminars at the Manx Museum on 11 and 18 May 2006. [More]
• Practice Note 132/06 Deferment of State Retirement Pension 5 May 2006
  The UK Pensions Act 2004 brought in new choices for people reaching the state retirement age, enabling them to defer claiming their state retirement pension. [More]
• Practice Note 133/06 - The Corporate Charge 5 May 2006
  The corporate charge legislation is introduced by Part 1 of the Income Tax (Amendment) Act 2006 (currently awaiting Royal Assent), following which new sections 14A to 14D will be inserted into the Income Tax Act 1970. [More]
• Practice Note 134/06 - Election to Pay Corporate Income Tax at a Rate of 10% 5 May 2006
  The Income Tax (Amendment) Act 2006 will shortly receive Royal Assent. [More]
• Practice Note 131/06 Taxation of Married Couples 27 April 2006
  The Income Tax Division of Treasury has today issued a Practice Note outlining the changes to the taxation of married couples from 6 April 2006. [More]
• Practice Note 130/06 Taxation of Non-resident Individuals 25 April 2006
  The Income Tax Division of Treasury has today issued a Practice Note (PN130/06) explaining the taxation of non-resident individuals from 6 April 2006. [More]
• Speed Consultation - Minister Reply 12 April 2006
  Minister for Transport Phil Braidwood said “The Hon Member for Rushen Mr Gill MHK has accused this Department of using prejudice and propaganda to the cost of tax payers in regard to its speed consultation and campaign. [More]
• Practice Note 129/06 Repayment Supplement 6 April 2006
  The Income Tax Division of Treasury has today issued a Practice Note (PN 129/06) detailing an amendment to the rate of interest by reference to which repayment supplements are calculated. [More]
• Practice Note 128/06 Administration of the Tax Cap 6 April 2006
  The Income Tax Division of Treasury has today issed a Practice Note (128/06) giving general guidance on the administration of the tax cap announced in the 2006 Budget. [More]
• Audit Exemption in the Isle of Man 4 April 2006
  In the Treasury’s Public Response Document, “Audit Exemption – Raising the Thresholds” dated 5 December 2005, it stated: [More]
• Capping Corporate Tax Liabilities - Consultation Document 17 March 2006
  Treasury Minister, Allan Bell MHK, announced in his 2006 Budget Statement that the Income Tax Division would consult with interested parties regarding the introduction of a cap on corporate income tax liabilities. [More]
• Practice Note 127/06 Taxation of Companies in the Isle of Man from 6 April 2006 9 March 2006
  The Income Tax Division of Treasury has today issued a Practice Note (PN 127/06) giving general guidance on the taxation of companies in the Isle of Man from 6 April 2006. [More]
• Practice Note 126/06 Tax Residence in the Isle of Man 8 March 2006
  The Income Tax Division of Treasury has today issued Practice Note PN 126/06 giving general guidance on the rules determining tax residence in the Isle of Man for individuals and companies. [More]
• Practice Note 125/06 Important Changes to Tax Codes 6 March 2006
  Subject to final legislative approval of the Income Tax (Amendment) (No. [More]
• Corporate Income Tax Regime - Consultation Response Document 27 February 2006
  Income Tax Division, on behalf of Treasury, has today published a response to the consultation on the Corporate Income Tax Regime. [More]
• The Reciprocal Agreement with the UK for the Transfer of Pension Rights 24 February 2006
  From 6th April 2006, when the simplified pension scheme tax regime is introduced in the UK, pension rights transfers from the UK to the Isle of Man will no longer be subject to HM Revenue and Customs (HMRC) discretion and individuals will not have to meet any HMRC conditions as is the case under the current tax rules and the reciprocal agreement. [More]
• Isle of Man Tax Cap Targets New Generation of Economically Active Entrepreneurs 21 February 2006
  New Budget package caps personal tax at £100000 and introduces 0% corporate taxesToday [21st February 2006] the Isle of Man Treasury Minister, Hon. [More]
• Practice Note 124-06 Budget 2006 - Banking Business 21 February 2006
  This Practice Note is relevant to companies holding a banking license in the Isle of Man within the meaning of the Banking Act 1998. [More]
• Practice Note 123-06 Budget 2006 - Income Tax Proposals 21 February 2006
  In today’s Budget speech, the Minister for the Treasury, the Hon AR Bell MHK, announced various financial measures. [More]
• Press Release - The System of Tax Reliefs for Individuals in the Isle of Man – Extension of consultation period 10 February 2006
  The Income Tax Division, on behalf of Treasury, has today issued a Press Release regarding an extension to the period of consultation relating to the System of Tax Reliefs for Individuals in the Isle of Man. [More]
• Practice Note 122 - 06 Benefits in Kind - Withdrawal of Concession 10 February 2006
  This Practice Note confirms that with the introduction of the general 0% rate of income tax for companies on 6 April 2006, it will no longer be possible in most cases for an employee’s tax liability to be met by an adjustment in the employing company’s income tax assessment, and so the concessionary practice will be withdrawn on that date. [More]
• Practice Note 121-06 20 January 2006
  In line with previous practice, and by way of early notification, the Minister for the Treasury, the Hon A. [More]
• Tax Reliefs for Individuals in the Isle of Man - Consultation Document 12 January 2006
  Treasury has today pulished a consultation document on "The System of Tax Reliefs for Individuals in the Isle of Man". [More]
• Changes affecting Taxation of Married Couples 11 January 2006
  From April 2006, changes are planned that will affect how the Income Tax Division treat the tax affairs of married couples. [More]
• European Union Code of Conduct for Business Taxation 4 January 2006
  Treasury recognises that many people in business and the professions, locally and internationally, need guidance regarding the effect of the Isle of Man's commitment under the European Union Code of Conduct for Business Taxation to remove certain aspects of our taxation system for companies. [More]
• Distributable Profits Charge Guidance Note (GN36) 14 December 2005
  The Income Tax Division, on behalf of Treasury, has today issued a Guidance Note regarding the Distributable Profits Charge. [More]
• Treasury comments on UK Pre Budget statement 8 December 2005
  Treasury member Adrian Earnshaw MHK today commented on the UK Chancellor's Pre Budget Statement, stating: [More]
• Audit Exemption - Raising the Thresholds 5 December 2005
  Public Response DocumentThe Income Tax Division, on behalf of Treasury, issued a proposal document "Audit Exemption - Raising the Thresholds" on 15 March 2005. [More]
• Aer Arann Press Release 1 November 2005
  28th October 2005, Aer Arann Ireland’s premier regional airline today announced that it will commence a new daily commuter service from the Isle of Man to London Luton on Thursday 24th November 2005. [More]
• Taxation Update 21 October 2005
  The slides for the Taxation Update held at the Manx Museum on the 18th October 2005 can be accessed by clicking here. [More]
• Penalties for non submission of Income Tax Return Forms 17 October 2005
  The Income Tax Division of Treasury was pleased with the response of people to our publicity campaign regarding the deadline for sending in personal tax returns. [More]
• Capping Personal Tax Liabilities - Consultation Response 12 October 2005
  Treasury has today published a response to the consultation on the capping of personal tax liabilities . [More]
• Isle of Man - Netherlands Economic Agreements break new ground 12 October 2005
  The Isle of Man has broken new ground by signing bilateral agreements with the Netherlands based on mutual economic benefit and co-operation. [More]
• Corporate Income Tax Regime 4 October 2005
  Treasury has today issued a proposal document on the Corporate Income Tax Regime. [More]
• Tax Strategy - Consultation Document 4 October 2005
  Treasury has today published a Consultation Document on the Taxation Strategy. [More]
• Taxation of Income derived from Land and Property in the Isle of Man 4 October 2005
  Treasury has today published a consultation document on the proposed Taxation of Income derived from Land and Property in the Isle of Man. [More]
• Minister Rejects 'Tax Haven Myths' 30 September 2005
  CHRISTIAN Aid’s inclusion of the Isle of Man in its criticism of so-called tax havens is based on ‘old myths and stereotypes’, according to Treasury Minister Allan Bell MHK. [More]
• Tax Return Form Penalties - 6th October is almost upon us! 30 September 2005
  People who have not yet submitted their 2004/05 income tax return have just six days left to do so or face a £50 penalty, the Treasury’s Income Tax Division warned today (Friday, September 30, 2005). [More]
• Return Forms and Penalties 30 September 2005
  A press release concerning Income Tax Return Form Penalties can be found by clicking here. [More]
• Aer Arann Announces Isle of Man to Liverpool Service 18 August 2005
  Aer Arann, Ireland's premier regional airline today announced that it will commence a new daily commuter service from the Isle of Man to Liverpool from 3rd October 2005. [More]
• Income Tax Division Website – Access to Information 25 July 2005
  The Income Tax Division is constantly reviewing and improving the information contained on its website. [More]
• How the European Union Savings Tax Directive (EUSD) will affect Isle of Man residents 13 July 2005
  The EUSD came into force on 1 July 2005. [More]
• Insurance Premium Tax 8 February 2005
  The OFT reminds Manx residents that they shouldn't be paying Insurance Premium Tax. [More]
• UK Pre Budget Statement 3 December 2004
  Allan Bell says there is little of direct relevance to the Island in the UK Chancellor's Pre Budget Statement. [More]
• Withholding Tax Best For Island 2 December 2004
  Opting for withholding tax under the EU Savings Directive is the best choice for the Isle of Man. [More]
• New Domestic Pension Regulations 18 November 2004
  Tynwald has approved the Retirement Benefits Schemes (Domestic Schemes) (General Administration) Regulations 2004. [More]
• New Business Development Manager 22 October 2004
  Isle of Man Finance is pleased to announce the appointment of Nick Boon as Business Development Manager. [More]
• International Tax Experts for Treasury 22 October 2004
  The Isle of Man Government is recruiting three international experts to advise on global taxation issues. [More]
• New Assessor of Income Tax 9 September 2004
  The Treasury are pleased to announce the appointment of Malcolm Couch as the new Assessor of Income Tax. [More]
• Changes to Taxation 13 July 2004
  The Income Tax (Amendment) Bill 2004 has received Royal Assent and was signed at the June sitting of Tynwald. [More]
• Sticking With Protocol 3 6 April 2004
  The special Protocol 3 relationship with Europe remains the best option for the Island. [More]
• Island a Legitimate Offshore Centre 29 January 2004
  UK Government recognises that not all offshore centres are equal. [More]
• Income Tax Improvements 23 January 2004
  The Treasury is promoting legislation to simplify the income tax system and make it more efficient. [More]
• UK Assurances Welcomed 8 November 2003
  United Kingdom Government recognises the Isle of Man’s high standards of financial regulation. [More]
• Minister Speaks on Job Losses 24 October 2003
  Job losses at CMI and Abbey National Offshore a reflection of the ongoing difficulties affecting institutions worldwide. [More]
• OECD Conclusions Welcomed 24 October 2003
  The Treasury has welcomed the outcome of the recent OECD global forum on taxation. [More]
• Donald Gelling head of E-Business 1 September 2003
  The Treasury has announced that Treasury Member, Donald Gelling MLC, is to take on delegated political responsibility for the E-Business Division. [More]