No 'tax amnesty' planned for coming year

Treasury Minister Anne Craine has said she has no plans to operate another Income Tax Voluntary Discovery scheme in the forthcoming financial year.

She was responding to a question from North Douglas MHK Bill Henderson in the House of Keys today (Tuesday).

Mrs Craine said under a 2010 'tax amnesty', as such schemes were often called, her department had waived penalties and interest for taxpayers who reported understated income, although any additional tax due was payable: