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24 results

  • Isle of Man Currency Design

    The Currency Act 1992 states that the Treasury is responsible for the issue of Isle of Man Government notes and coins. As part of this the Treasury is undertaking a review of the current designs for all circulating Isle of Man Government notes and coins. Please note that this consultation is only in relation to the main circulating coins in issue and does not relate to specific collections or commemorative specifications etc. More
    Closed 23 October 2023

  • Views sought on the removal of 1p, 2p and 5p coins from circulation and the rounding of cash transactions

    The Treasury is considering the removal of 1p, 2p and 5p coins from general circulation at a date in the future (yet to be decided). From this date these coins (and their UK equivalent denominations) would cease to be legal tender on the Isle of Man. This would mean that from the agreed date members of the public could not use the 1p, 2p and 5p coins for day to day use, and retailers and institutions would not be required to accept them for payment. At the same date from... More
    Closed 28 June 2023

  • Consultation on the Sanctions Bill 2022

    This consultation seeks your views on the Sanctions Bill 2022 (the 'Bill'), which aims to improve the legislative framework for implementing United Nations and United Kingdom sanctions regimes. Background The Isle of Man Government policy in relation to international sanctions measures is to implement such measures in line with those in force in the United Kingdom from time to time. Also, the Isle of Man, through the United Kingdom’s membership of the United Nations,... More
    Closed 27 January 2023

  • Policy Proposals - Public Sector Payments Bill

    The Public Sector Payments Bill is a proposed piece of legislation that will replace the Payment of Members Expenses Act 1989 ('the 1989 Act'). The main aim of the new legislation is to modernise the statutory arrangements that enable the remuneration of members of various offices and bodies. This consultation seeks views on ten key policy proposal areas. More
    Closed 6 January 2023

  • Consultation on the Modernisation of Insolvency Law

    One of the strategic objectives of the Government in Our Island Plan is the aim of building a 'strong and diverse economy'. It is a fact that not all businesses succeed, and not all businesses carry on forever. Some businesses, whether large or very small, will become insolvent and it is important for the Island’s economic and social well-being, as well as its international standing, that we review our insolvency law to see if it needs improving to reflect the requirements of today’s... More
    Closed 5 December 2022

  • National Insurance reform proposals

    The purpose of the consultation is to obtain views in relation to National Insurance reform proposals. More
    Closed 7 October 2022

  • Our Island, Our Future – Draft Economic Strategy Public Consultation

    In 2021, the Isle of Man Government commissioned KPMG as strategic partners to assist with the development of a five to ten year economic strategy for the Island. They set out to deliver a five-phase report to develop a fundamental review and understanding of the Isle of Man’s current economy, looking at the wider global opportunities and threats, developing strategic direction and finally providing a monitoring and delivery framework. This report has informed and guided the Isle of Man... More
    Closed 30 September 2022

  • The Trusts and Trustees Bill 2022 Consultation

    The Trust and Trustees Bill 2022 The Treasury invites comments on the draft Trusts and Trustees Bill 2022 (“the Bill”). The main aim of the Bill is to provide greater clarity, certainty and convenience to users of Manx trusts and local trust practitioners. It further aims to provide greater competitiveness for the Island’s trusts sector. The Bill will do this through amendments to existing trusts legislation as well as a range of new additions to the Island’s... More
    Closed 9 May 2022

  • MiCard Customer Survey

    This survey is intended to give The Treasury a better understanding about why some people choose to collect their benefits and pensions in cash using a MiCard rather than having them paid directly into their bank account or onto a pre-paid card. The survey asks about access to bank accounts and usage of the internet so as to understand how any alternative methods of payment may suit customer needs. More
    Closed 31 October 2021

  • Procurement Policy Review 2021

    The Treasury is carrying out a review of the Procurement Policy introduced in 2017, and is asking for input to help us evaluate the impact of the policy and whether the objectives have been achieved. More
    Closed 25 March 2021

  • Consultation on the Administration of Justice and Other Amendments Bill 2020

    Views are sought on the draft Administration of Justice and other Amendments Bill 2020 (the 'Bill'). The Bill has been developed following policy consultation on the options for improving how civil debts are recorded and made accessible in the Island, and for improving the effectiveness of debt recovery by the Coroners. It is envisioned that the improvements in how civil debts are recorded and made available in the Island will, over time, lead to a... More
    Closed 30 November 2020

  • Customs & Excise Customer Survey

    Customs & Excise is a Division of the Treasury and is responsible for the collection of VAT, Customs and Excise duty on the Isle of Man. As part of its role Customs & Excise have contact with businesses and individuals through a range of channels. The survey will be undertaken to understand the overall customer experience and if there are any improvements that could be made to the services we provide. The survey is being carried out over the three main customer groups; individuals, businesses... More
    Closed 10 November 2020

  • Support requirements for those claiming the Manx Earnings Replacement Allowance (MERA) or Job Seeker's Allowance (JSA)

    This survey is for people who have claimed either the Manx Earnings Replacement Allowance (MERA) or Jobseeker’s Allowance (JSA) over the last few months. More
    Closed 30 July 2020

  • Bank Recovery and Resolution Bill 2020

    The consultation outlines the scope and content of the Bank (Recovery and Resolution) Bill 2020. The Bill introduces a Bank Recovery and Resolution (BRR) legislative framework which will seek to: Ensure the continuation of critical banking functions Protect covered depositors and client assets Avoid negative effects on financial and economic stability and Minimise reliance on public financial support to failing banks In... More
    Closed 13 December 2019

  • Equality Act 2017 - Age Exceptions relating to Occupational & Personal Pension Schemes

    The Equality Act 2017 allows Treasury to make legislation specifying circumstances in which it is not unlawful to discriminate against a person on the grounds of their age in relation to certain age-based rules, criteria or decisions for occupational and personal pensions. The Treasury intends to make an Order - the “Equality Act 2017 (Age Exceptions for Pension Schemes) Order 2019” - specifying what those excepted rules, practices, actions and decisions are and is seeking... More
    Closed 29 September 2019

  • Workplace Pensions

    We are carrying out this consultation to investigate the strength of public demand for workplace pensions on the Isle of Man. More
    Closed 23 August 2019

  • Dormant Assets Bill 2018

    The main aim of the Bill is to enable dormant assets held by banks in the Island (known as dormant bank accounts) to be transferred to a central fund called the Dormant Assets Fund (the fund) and to allow a proportion of the amounts transferred to be distributed for charitable purposes in the Island. Dormant bank accounts will, in general terms, include any account held by a bank where contact has been lost with the account owner for a period of at least 15 years. ... More
    Closed 19 October 2018

  • Local Government financial reporting requirements

    To inform Local Government bodies and other interested stakeholders of the proposed introduction of new financial reporting requirements for the sector, and to seek the views of all stakeholders and to receive feedback on the proposals. More
    Closed 19 January 2018

  • Proposed changes to employed person’s allowance and proposed change to income support for lone parents

    This consultation is about proposed changes to the entitlement criteria for the following income-related social security benefits: employed person’s allowance, and income support for lone parents More
    Closed 11 January 2018

  • The Collection of Civil Debt (Phase 1)

    The effectiveness of the current legislative and organisational framework in respect of the collection of debts on the Isle of Man has been the subject of periodic review over a number of years. Proposals and actions have covered a wide variety of areas but the Treasury has been unable to find a solution to the underlying issues which provides a more cost effective approach to debt collection for all parties involved. The revised approach now outlined within this consultation seeks to both... More
    Closed 5 January 2018

  • Proposed New Pension Scheme to Provide Greater Pension Freedoms

    This consultation proposes the introduction of a new tax-efficient pension scheme that would provide its members with greater pension freedoms. It sets out the main features of the scheme being proposed and includes examples comparing existing schemes with the proposed new scheme. It also poses a number of questions and invites feedback and suggestions on the proposals. More
    Closed 15 September 2017

  • Ending contracting-out of the State Second Pension

    The Treasury is seeking feedback about the possibility of ending the scheme which allows some employers and employees to pay a lower rate of National Insurance contribution because they are in occupational pension schemes. More
    Closed 1 September 2017

  • Customs and Excise Bill 2017

    Views are sought on the amendments made to existing customs and excise legislation, namely the Customs and Excise Management Act 1986 and the Customs and Excise Act 1993, and to the Terrorism and Other Crime (Financial Restrictions) Act 2014 in respect of UN and EU sanctions. More
    Closed 24 March 2017

  • Revised Depositors' Compensation Scheme Policy Proposals

    This initial consultation is intended to gain the views of the public, the banking industry and other interested bodies on a number of key overarching policy proposals which will establish a framework for the revised Depositors’ Compensation Scheme. Further consultation will then be undertaken on the revised draft scheme regulations that follow. Comments are invited on the proposed policies set out in the document. More
    Closed 24 March 2017
24 results. Page 1 of 1