Isle of Man Treasury Presents 2026 Budget Speech

The Isle of Man Treasury Feb. 17 presented the 2026 budget speech. The budget includes measures to: 1) increase to 17,000 British pounds (US$22,948), from 14,750 pounds (US$19,911), the personal allowance for single filers, and to 34,000 pounds (US$45,897) from 29,500 pounds (US$39,822) for joint filers, from April 2026; 2) maintain the current income tax rates, tax bands, tax allowance taper, and the 220,000 pound (US$296,978) per annum tax cap; 3) increase to 2,500 pounds (US$3,375), from 2,350 pounds (US$3,172), the TT Homestay tax allowance; 4) increase to 176 pounds (US$238) per week, from 168 pounds (US$227), the Class 1 ...