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Manx Newscast

Treasury minister says additional funds from income tax will go to reserves

11 minutes | Wednesday, 30 July 2025

The treasury minister says additional funds from income tax is a result of economic growth and changes to the government sector on the Isle of Man. Over the last financial year government recorded £21.3 million more from income tax than expected - it's lead to the Manx Taxpayers Alliance calling for the extra money to be returned to tax payers. But Alex Allinson says it will go back to the reserves.

Treasury minister says additional funds from income tax will go to reserves
Manx Newscast

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