Latest figures show there are currently 15 retail businesses on Island recording a minimum of £500,000 profit each year.
Last year this amounted to £2.2m in tax revenue collected on Island.
Back in 2013, then Treasury Minister Eddie Teare forecast this should be generating £3.5m per year.
Responding to a question in the House of Keys yesterday, current Treasury Minister Dr Alex Allinson highlighted how the numbers of businesses in this tax bracket is growing year on year:
Road to beauty spot temporarily closed from today
The road to one of the Island's most popular beauty spots will be closed for over a week from the end of this month.
Politician to query government income from medical cannabis
How much income has the government made from medicinal cannabis?
Police appeal over prom incident
Police are appealing for witnesses about an incident in Douglas yesterday evening.
Christian to defend seat
Douglas South MHK Claire Christian has announced she'll defend her seat in the general election.
Police ask people to avoid Mountain Road after supercar crash
Police are asking people to avoid the Mountain Road as they deal with crash.
Over £2.7k raised by firefighters' 'Station To Summit' challenge
Four firefighters have raised more than £2,700 by carrying a rescue mannequin on a stretcher from Ramsey to North Barrule and back.
Onchan post office to stop trading
Onchan's postmaster says the village's post office will be closing in August
Police report fall in sexual offences
The police say the number of sexual offences, including rape, has fallen over the past year.
Comments
Add a comment