26 July 2026
PO Box 986 Douglas Isle of Man IM99 2TB
Court News Isle of Man News

Over £53k in Fines Issued for Tax & NI

Fines totalling £53,640 have been issued to seven individuals and 31 businesses for a range of income tax and national insurance offences.

The majority of penalties were imposed on companies that failed to pay Income Tax Instalment Payments or Class 1 National Insurance Contributions by the required deadline.

Twenty‑six corporates were fined a combined £43,610.

Offences & Fines Issued

  • Late payment of ITIP and/or Class 1 NI • 26 corporates — £43,610
  • Failure to submit Personal Income Tax Returns on time • 5 individuals — £4,180
  • Failure to comply with a Notice to submit Company Tax Returns • 1 corporate — £0 (fine recorded but no monetary penalty applied)
  • Failure to submit accounts in support of a Tax Return • 1 corporate — £1,150 • 2 individuals — £500
  • Failure to submit Employer’s Annual Returns on time • 2 corporates — £800

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