Isle of Man 2018-19 Budget Delivered

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…