Business links set to strengthen with Scotland

Friday, 29 May 2015 00:00

What will greater powers of control devolved to Scotland mean for the Isle of Man?

It was confirmed in the Queen's speech earlier this week that Scotland will now be able to set income tax rates and bands.

Despite this their corporate tax rate will go unchanged - which lowers the threat to the Island's unique selling point in attracting new business.

Tax Partner at PWC Kevin Cowley says he expects business links between Scotland and the Island to strengthen in the coming years:

More from Isle of Man News

Cyclists banned from Mountain Road until June 10

The emergency services are reminding people not to cycle over the Mountain Road during TT.
Meeting to appoint Port Erin glamping site liquidator

A meeting next month will discuss winding up a company which ran what it claimed was the Island's biggest glamping site in Port Erin.
TT bus timetable changes announced

Bus Vannin has released details of its timetables over the TT period.
Company needs gas meter readers

Isle of Man Energy says it's looking for new staff to read gas meters.
MHK will ask Tynwald to save the Family Library

Can Tynwald save the Family Library in Douglas?
Signed TT marshal tabard among auction lots

A TT marshal tabard signed by 14 top racers will go under the hammer this weekend.
Unofficial bike track endangers orchids, say commissioners

Commissioners in the west of the Island are asking mountain bikers not to try to create their own riding track - because they're endangering protected wild orchids.
Mountain Road to close for TT one-way system later

The Mountain Road will be shut for much of today - as part of the final preparations for TT.