The Isle of Man Treasury has issued a Practice Note 214/21 on the Budget 2021-22 income tax and national insurance proposals. The Practice Note includes that no changes will be made for the 2021/22 tax year regarding income tax for companies or individuals, with the rates, brackets, allowances, etc. for 2020/21 maintained for 2021/22. Rates, limits, and thresholds for national assurance contri…