High earners will have to sign up to a five-year tax agreement under new plans unveiled in this year’s Budget.
The current income tax cap for people whose income exceeds £600,000 a year is a maximum of £120,0000.
However, under the new proposals anyone who wants to take advantage of this must sign up to it for five years – at a cost of £600,000.
Treasury Minister Eddie Teare says it will give government more certainty of its income:
MHK wants to see all private healthcare reports
An MHK has asked the Health and Social Care Minister to publish reports on the hospital’s private patient wing and services.
Let’s make Hop Tu Naa a boo-tiful night for all, say police
Police are reminding parents to know what their children are up to this Hop Tu Naa.
Hose under the hammer, your chance to drive home a real fire engine!
Fancy driving home a fire engine this weekend?
Event to celebrate women in farming
The Department for Environment, Food and Agriculture is inviting people to an event celebrating women in farming.
Engineers confirm source of gas smell in Ramsey
Reports of a gas smell in Ramsey yesterday prompted engineers to carry out emergency works.
MHK questions if Island phones will get national warning alert
Will Island residents receive a test national warning alarm on their phones?
Trainee officers take on 40 mile kayak mission
Student constables will tackle a 40-mile kayak challenge this weekend for charity.
Join the RNLI team and help keep our waters safe
Ever wanted to join the RNLI? Well now's your chance!
