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Isle of Man Emergency Business Support Measures for Businesses and Workers Affected by Coronavirus (Covid-19)

20 March 2020

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Approved Changes

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Isle Of Man

The Isle of Man government issued a release on the first emergency support measures for businesses and workers affected by Coronavirus (Covid-19) introduced on 17 March 2020. As provided in the release, the measures introduced are as follows: Reduce to nil the rate of employer class 1 National Insurance contributions that are paid by certain sectors to alleviate staff costs. This will help to reduce the burden on affected businesses, such as: Tourist Accommodation Catering, entertainment and leisure Travel and tour operators Logistics to and from the Island A grant of £3,000 will be available for businesses (in qualifying sectors)...