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:
Thai restaurant to relocate within Douglas
Full Moon Thai is looking to sell or lease the premises for immediate takeover
Peel business to shut after 32 years
Business on Atholl Place will close before Christmas
Farmers 'need to come together and find a solution' over withdrawal of veterinary services
Kirree Kermode says a number of vets' books already full as practice to cease livestock services
Vehicle finance company Black Horse Offshore stops offering new loans
Existing Isle of Man customers will continue to be serviced until contract's end
