Treasury

The Treasury has extended the deadline for the processing of pipeline pension term assurance business to midnight on 31 July, following lobbying by the Association of British Insurers.

The Treasury has defended Gordon Brown's decision to remove dividend tax credits in 1997, calling it an "anomaly" in the tax system which "distorted business decisions and discouraged long-term investment".

The Treasury Department of the Isle of Man is preparing for a full roll-out of online services which will help advisers and companies "interact with the income tax system".

The decision to remove tax credits on the payment of dividends to pension schemes was ‘unhelpful' but only one of several reasons why workplace pensions have come under increasing pressure, warns the National Association of Pension Funds.

Treasury officials yesterday left the door open for a new chancellor to change the government's widely discredited fiscal rules following Gordon Brown's expected move to Number 10, reports the Financial Times .

The Isle of Man Treasury is planning to remove the compulsory annuitisation of pension schemes, under its proposals for 'pensions simplification', because there are now fewer annuity providers on the island.

The Information Tribunal has scheduled a full two-day hearing to decide whether the Treasury should be made to reveal detailed information about the effects on pension schemes of the removal of tax relief on dividends in 1997.

We're becoming used to signs in supermarkets comparing their prices their competitors. In the "store wars" it's essential to reassure your customers that they're receiving good value, and a good way is to demonstrate that your prices are cheaper than...

Allan Bell, the Isle of Man Treasury Minister, has announced in the Budget the completion of a review into the Island's funds sector, and the establishment of a £20m economic development fund.

TREASURY OFFICIALS are engaged in urgent talks with tax experts ahead of tomorrow's Budget to tighten new regulations aimed at ending tax avoidance schemes used by up to 250,000 contract employees, says the Daily Telegraph.