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

Manx Newscast

Wednesday, 30 July 2025 - 11 minutes

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.

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