THE public is being asked what the island’s tax strategy should be.
In his 2012 Budget speech, Treasury Minister Eddie Teare MHK said he would publish a new taxation strategy before the end of this year which, if supported by Tynwald, would indicate the areas of the taxation system which he would like to update during his time in office.
As part of the preparation of that strategy, the government’s income tax division, on behalf of Treasury, has today published a consultation document entitled ‘The Taxation Strategy 2012-2016’. This is intended to stimulate debate and to seek the views of the Manx community, both private and business, on future changes to the taxation and national insurance systems.
The income tax division has also published an information pack containing income tax and national insurance data which people may find useful when considering the contents of the consultation document.
Anyone wishing to submit their views on the consultation topics should do so by September 7.
Responses should be sent to: The Taxation Strategy Consultation, Income Tax Division, The Treasury, Government Office, Douglas IM1 3TX
Email: consultation@itd.treasury.gov.im
The consultation document and accompanying information pack are available on the income tax division website at:
http://www.gov.im/treasury/incometax/ConsultationDetail.gov?id=327
A paper copy can be obtained from the division or by contacting general inquiries on 685400.