On Air Night Flight | Midnight - 6:00am

Income Tax rise 'temporary' says treasury minister

Move announced in budget not a long-term solution, says Allinson

There are more assurances that the planned rise to the higher rate of Income Tax will be a temporary move.

As part of his 2024/25 budget, Treasury Minister Alex Allinson announced an increase from 20 per cent to 22 per cent.

The extra funds will go directly to health and social care services on the Island.

Dr Allinson told Manx Radio how the change will work:

More from Isle of Man News