On Air Now Greatest Hits Bank Holiday 10:00am - 10:00pm Email
Now Playing Bitter Sweet Symphony Verve / Richard Ashcroft Download

New legislation to clamp down on tax avoidance

Government has issued legislation to stop people using personal service companies to avoid paying tax and National Insurance.

It will ensure that if a client employs a worker, the amount paid for their services will be treated as remuneration, and they will be subject to make their contributions.

The Treasury Minister says people registered as 'employers' for income tax purposes will be contacted by the department directly.

Eddie Teare says fairness was paramount in making the decision:

More from Isle of Man News

Comments

Add a comment

Log in to the club to add your comment.

Recently Played

Listen Live Listen