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Isle of Man 2018-19 Budget Delivered

22 February 2018

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Proposed Changes

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Isle Of Man

The Isle of Man Minister for the Treasury Alfred Cannan delivered the 2018-19 Budget on 20 February 2017. The tax-related aspects are relatively limited and include the following: The personal allowance for a single person is increased from IMP (GBP) 12,500 to IMP 13,250, while the 10% rate band will remain at IMP 6,500; The introduction of the soft drinks industry levy is postponed by one year to 1 April 2019; The income tax rates for companies are maintained (0%/10%/20%), although a review will be conducted on the taxation of banks with a view to taxing all banking profits at...