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An Act to make such amendments of the law relating to customs and excise, value added tax, car tax and the importation and exportation of goods as are required for giving effect to an Agreement between the government of the United Kingdom and the government of the Isle of Man signed on 15th October 1979; to make other amendments as respects the ...
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax; and a top rate of income tax of 20%. [11] A tax cap is in force: the maximum amount of tax payable by an individual is £200,000; or £400,000 for couples if they choose to have their incomes jointly assessed.
An Act to make such amendments of the law relating to customs and excise, value added tax, car tax and the importation and exportation of goods as are required for giving effect to an Agreement between the government of the United Kingdom and the government of the Isle of Man signed on 15th October 1979; to make other amendments as respects the ...
This page was last edited on 2 November 2024, at 00:01 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Treasury (Manx: Yn Tashtey) of the Isle of Man is the finance department of the Isle of Man Government.It prepares the annual budget for the Government, [1] and also handles taxation, customs and excise, economic affairs, information systems, internal audit, currency and the census in the Isle of Man.
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The Isle of Man uses retro-reflective number plates with black letters; on a white background on the front of the vehicle, and yellow on the rear. Vehicles manufactured prior to 1 February 1990 can display white-on-black plates as an alternative.
The Isle of Man has no capital gains tax, wealth tax, stamp duty, or inheritance tax [91] and a top rate of income tax of 22% (as of April 2024). [92] A tax cap is in force: the maximum amount of tax payable by an individual is £200,000 or £400,000 for couples choosing to have their incomes jointly assessed.