Latest News Headlines
On-Air Now
Listen Live

Higher than expected income tax receipts for 2017-18

Thu, 12 Jul 2018

The Isle of Man Government received £21.6m more than expected from income tax receipts last year.

The Government accounts for the 2017-18 financial year show a £23.1m surplus from the 12-month period.

As well as higher than expected income tax receipts, national insurance income was also better than forecast.

The Treasury says the budget surplus allowed it to fund the Department of Health and Social Care's overspend without drawing on Government reserves.

The unaudited accounts, known as the Light Blue Book, will be laid before Tynwald later this month.

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