Category Archives: News Around

News around Isle of Man

OFT warning after cowboy builder reports

People are urged not to employ traders who illegally cold call them and tout for work after the Office of Fair Trading (OFT) reported an influx of cowboy builder reports.
The OFT is urging property owners to be on their guard and look out for vulnerabl…

Application for Restoration – 1931 Act Companies

The Companies Acts 1931 to 2004
List of Companies that have applied for Restoration
Pursuant to Section 273b(I) of The Companies Act 1931
The Department for Enterprise hereby gives Notice that the above company has applied for Restoration under the pro…

Budget 2022 – Practice Notes

In his Budget speech today, Treasury Minister David Ashford MBE MHK announced various taxation and National Insurance measures.
The Income Tax Division of Treasury has today published two Practice Notes.

PN 218/22 – Budget 2022 – Income Tax and Nation…

Financial Sanctions: Russia

This news release is issued to publicise the amendment of 1 entry to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) an…

Budget 2022 at a glance

An increase to the personal income tax allowance of £250 to £14,500 will lift approximately 300 people out of the tax net and reduce income tax by up to £50 for individuals and £100 for jointly-assessed couples.

Key rises in the following benefits:

Spending equates to £14,044 per person

Total Government gross spending projected for 2022-23 equates to around £14,044 per head for every member of the Island’s population[1], including children.
This per person figure includes:

£4,214 for Social Security payments such as the State Pension…

Capital programme sets firm base for Island Plan

A five-year capital programme set at £485.3 million will provide a firm base for Isle of Man Government departments to fulfil the aims of Our Island Plan.
The Budget for the forthcoming financial year involves a capital spending commitment of £174 mill…

Budget 2022 – Investing In Our Island’s Future

Maintaining economic strength, enabling growth, supporting working families and protecting the vulnerable were the key themes when Treasury Minister David Ashford MBE MHK delivered his 2022 Budget in Tynwald today (Tuesday 15 February).
Emphasising the…

2021 Isle of Man Sports Awards shortlist revealed

The shortlist for the 2021 Isle of Man Sports Awards has been announced following public nominations and shortlisting by the Isle of Man Sports Awards committee.
The event, which gathers the Island’s sporting heroes, will be held at the Villa Marina in…