The Island's new tax strategy could be ready for February's Tynwald sitting.
Treasury Minister Allan Bell made the announcement in response to a question from Rushen MHK Juan Watterson.
Explaining the delay, Mr Bell (pictured) referred to the "rapid change in the Island's fiscal circumstrances, as a result of the reduction in VAT, rapidly falling interest rates and the worstening external economic conditions".
He went on:
Hospitality bosses to attend 'call to arms' meeting
Private event being held at Creg ny Baa today
Rate of inflation falls to 3.2%
Treasury minister welcomes 'encouraging sign'
Business will suffer 'significant' loss during the TT
Dovecote Tea Room is situated in Kirk Michael
TT merchandise provider makes upfront payment for contract
No local businesses tendered for the five-year deal
Hunt for new Steam Packet non-executives
Specialists will earn £20k for 24 days work per year
Public disappointment after decision to sell ex-Newson's buildings
Follows owner's decision to 'give up' with redevelopment
