| Income tax rates
| 2009/10
| 2010/11 |
| Standard rate for all resident and non-resident
companies |
0% |
0% |
| Banking Business income |
10% |
10% |
| Land and Property income from Manx sources |
10% |
10% |
| Individuals: Resident (Single) Standard Rate on first £10,500 |
10% |
10% |
| Individuals: Resident (Married couple) Standard Rate on first £21,000 |
10% |
10% |
| Individuals: Higher Rate on balance |
18% |
20% |
| Individuals: Non-Resident Rate on all income |
18% |
20% |
For further information on 2010/11 rates of taxation, please see PN 161/10 Personal Allowances
| Allowance
| 2009/10
| 2010/11 |
| Single Person |
£9,200 |
£9,300 |
| Married Couple (combined) |
£18,400 |
£18,600 |
| Single Parent Addition |
£6,300 |
£6,400 |
| Blind Person |
£2,850 |
£2,900 |
| Disabled Person |
£2,850 |
£2,900 |
| Co-habiting Couple's Maximum Addition |
£6,300 |
£6,400 |
| Non-Resident's Personal Allowance |
£2,120 |
Withdrawn 06/04/10 |
| Age |
£2,000 |
£2,020 |
|
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