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Neutral UK budget for Island

Income Tax allowance changes need noting

The UK budget is fairly neutral from an Isle of Man perspective.

That's the view of KPMG Director of Tax David Parsons.

However, there are measures which show a direction of travel which the Isle of Man Government need to be alert to.

Mr Parsons says one of those is the rise in Income Tax personal allowances and the threshold for paying at the higher rate:-

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