Income Tax bands breakdown

Summary

The Treasury responded to a request for Isle of Man income tax statistics for tax years 2020/21 to 2023/24, disclosing full data on taxpayer counts and tax amounts across various liability bands and tax cap elections.

Key Facts

• The request covered tax years 2020/21 through 2023/24 inclusive.
• Data was provided for individuals with no tax liability, those paying only 10% tax, those paying 10% and 20% tax, and those with tax cap elections.
• Separate data was provided for taxpayers suspended from submitting returns due to income falling below personal allowance thresholds.
• The number of jointly assessed couples with no tax liability decreased from 2,732 in 2020/21 to 1,616 in 2023/24.
• Total tax assessed for individuals paying in both 10% and 20% bands increased from £183.36m in 2020/21 to £268.28m in 2023/24.

Data Disclosed

• 2020/21
• 2021/22
• 2022/23
• 2023/24
• 16,422
• 2,732
• 4.18
• 183.36
• 9.03
• 1171
• 187
• 268.28
• 11.40
• £ (m)

Original Request

For the tax years 20/21 to 23/24 inclusive can you please provide the following information.

The total number of individually assessed persons and jointly assessed couples together with where appropriate the total amount of tax charged in each of the above years for the following categories;

1. those persons not required to submit an annual tax return on the grounds that the Assessor is satisfied that their income falls below the personal allowance thresholds

2. those persons with no tax liability

3. those persons only paying tax in the 10% band

4. those persons paying tax in both the 10% and 20% bands

5. those persons who make Tax Cap elections