Income Tax Bill completes second reading in House of Keys
Treasury needs to look at the way it raises revenue in order to balance the budget.
That's from Treasury Minister Alex Allinson after the second reading of the Income Tax Bill 2023 progressed through the House of Keys.
The new laws are designed to reduce tax-free allowances for high earners.
Dr Allinson hopes the move will mean a reduced reliance on the reserves:
Chamber backs revised minimum wage rise after government U-turn
Business group says five percent increase strikes a 'sustainable balance'
DESC begins recruitment process for new chief officer
Successful candidate will be paid up to £147,368
More than 60 full-time equivalent roles identified in government communications and marketing posts
Tynwald written answer discloses breakdown of staff working in marketing, communications, promotional and news-related roles across government departments and public bodies
Higher education support to increase from September, after Tynwald approval
Student award rules aim to reflect rising living costs, expand eligibility, and improve support for distance learners