Isle of Man Treasury

Updated on Nov 30, 2023

Edit

Comment

Formed 1986 Jurisdiction Isle of Man		Preceding Department Finance Board Employees 339

Headquarters Government Office, Buck's Road, Douglas, Isle of Man Annual budget GBP 18.9m for 2011-2012

The Treasury (LSE: 41OY); (LSE: 57QI); (Manx: Yn Tashtey) of the Isle of Man is the finance department of the Isle of Man Government. It prepares the annual budget for the Government, and also handles taxation, customs and excise, economic affairs, information systems, internal audit, currency and the census in the Isle of Man.

The Minister for the Treasury is Alfred Cannan MHK.

History

The Finance Board was established in 1962, although the Lieutenant Governor of the Isle of Man functioned as Chancellor of the Exchequer and gave the budget speech in Tynwald until the 1970s.

In 1986 the Finance Board was abolished and its functions transferred to the Treasury as part of the reorganisation of the Isle of Man Government on a ministerial basis.

Functions

Budget

Taxation

National Insurance

Investments and Banking

Economic Advice and Statistical Analysis

Capital Projects Unit

Internal Audit

Pay and Payments

Insolvency Office

Rates

Valuations

Non Governmental Agencies reporting to Treasury

Financial Supervision Commission

Insurance and Pensions Authority

Gambling Supervision Commission

General Registry

Public Lottery Trust

Ministers for the Treasury

Alfred Cannan MHK, 2016–Present

Eddie Teare MHK, 2011–2016

Anne Craine MHK, 2010–2011

Allan Bell MHK, 2001–10

Richard Corkill MHK, 1996–2001

Donald Gelling MLC, 1989–96

David Cannan MHK MLC, 1986–91

Chairmen of the Finance Board

David Moore MHK, 1985–86

Dr Edgar Mann MLC, 1981–85

Percy Radcliffe MLC 1977–81

John Bolton MLC, 1967–77

Norman Crowe, 1964–67

Bert Stephen MHK, 1962–64

References

Isle of Man Treasury Wikipedia

(Text) CC BY-SA