Cannan: 'Budget will make a difference to people on IoM' 

Higher rate of Income Tax being reduced by 1%

This year’s Budget will ‘make a difference’ to people on the Isle of Man and increase the money working families have in their pockets.

That’s the view of the chief minister who says the financial plan for the year ahead shows how committed government is to helping people navigate economic uncertainty.

From April the higher rate of Income Tax will reduce from 22 percent to 21 percent; the personal tax allowance will also go up.

You can find out more HERE.

Alfred Cannan says this should be welcomed: