Latest News Headlines
On-Air Now
Listen Live
Facebook

No plans for additional company charge

Wed, 24 Jan 2018

Enterprise Minister Laurence Skelly MHK
Enterprise Minister Laurence Skelly MHK

The Enterprise Minister says there are no plans to introduce additional charges to companies registered on the Isle of Man.

Laurence Skelly revealed in this week's sitting of the House of Keys that there are almost 27,000 live companies incorporated on the Island, most of which already pay an annual fee of £380, except charities and some property management companies.

The Minister warns bringing in an additional levy could drive business elsewhere and damage the Island's economy long term.

Mr Skelly added that the annual return fee is benchmarked against other jurisdictions to ensure new business isn't deterred.


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed