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Is the Island set for major tax bill?

Fri, 12 Apr 2013

Is the Island set to be hit with a hefty bill from the UK's Treasury.

The Chancellor of the Exchequer has claimed that the Crown dependencies owe government £1 billion in unpaid taxes.

Rushen MHK Laurence Skelly will be using next weeks Tynwald sitting to ask Treasury Minister Teare what he believes the Island's portion would be.

In the same sitting Douglas South MHK Kate Beecroft, will be seeking to find out when Minister Teare will be transferring the £8 million from the Media Development Fund to general reserves.

The sitting will get underway at 10.30am on Tuesday.


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