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Isle of Man 2022-23 Budget Delivered with Minor Tax Changes

17 February 2022

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Approved Changes

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Isle Of Man

The Isle of Man Treasury Minister delivered the 2022-23 Budget on 15 February 2022. Tax measures of the budget are relatively limited and include an increase in the personal allowance by IMP (GBP) 250 to IMP 14,500 for single persons or IMP 29,000 for jointly assessed couples. Certain other benefits are increased as well for inflation, including the child benefit, attendance allowance, and disability living allowance. With regard to National Insurance, the Lower Earnings Limit is increased from IMP 120 per week to IMP 123 per week, while all other rates, limits, and thresholds will remain the same for the...