On Air Now Derek Richardson 7:00pm - 10:00pm Email
Now Playing Take My Breath Away Berlin Download

    Island to receive tax revenue from goods and services

    Eddie Teare MHK

    The Isle of Man is to receive a share of indirect tax revenue from the sale of goods and services: 

     
    The Treasury Minister announced new changes in Tynwald following 'extensive negotiations' with the UK Government.
     
    A revision of the tax-sharing formula under the 1979 Customs and Excise Agreement has been made to benefit the coffers here. 
     
    Manx shares are expected to rise by  £11.8 million in this financial year - Eddie Teare explains how the new system will work to include Internet purchases: 
     

    More from Isle of Man News


    Recently Played

    Listen Live Listen