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Isle of Man Treasury

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Formed
  
1986

Jurisdiction
  
Isle of Man

Preceding Department
  
Finance Board

Employees
  
339

Isle of Man Treasury

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.

Contents

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


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