Employers owe almost £1m National Insurance

Nearly 500 Manx businesses in Class 1 arrears

Almost a million pounds is owed to Treasury in Class 1 National Insurance arrears by Manx employers.

Figures published by the treasury minister show the total outstanding at the end of the 2022-23 financial year was £958,382.

It's almost 2.5 times higher than in March 2019, when the debt stood at £386,136.

The amount owed last year represents 0.4% of the total class 1 NI received by Treasury.

Five years ago, 105 employers were in arrears - that figure now stands at almost 500.