Government says data showed no tangible increase in workers
The National Insurance Holiday Scheme has paid out more than £6.3 million since its launch in 2019.
It aimed to attract skilled workers to the Isle of Man by refunding all National Insurance contributions paid over a tax year, up to a cap of £4,400, for those in full-time employment.
However, the scheme is now being suspended, except for returning students, after data showed no tangible increase in workers - something partially hindered by the Covid-19 pandemic.
Treasury Minister Alex Allinson denies the majority of applicants came to the Island on an immigration visa:
Officers and partner agencies praised following immigration fraud conviction
Work to improve mooring at Ferry Terminal in Liverpool scheduled for next week
Manx Care reports major drop in dental waiting lists
Police 'disappointed' to find more than half of vehicles with defects in latest winter checks