Isle of Man Treasury

Department of the Treasury
Department overview
Formed	1986
Preceding Department	Finance Board
Jurisdiction	Isle of Man
Headquarters	Government Office, Buck's Road, Douglas, Isle of Man
Employees	339
Annual budget	GBP 18.9m for 2011-2012
Minister responsible	Eddie Teare MHK., Treasury Minister
Department executive	Sheila Lowe, Chief Financial Officer
Website	www.gov.im/treasury

Isle of Man

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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,^[1] 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 Eddie Teare 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

Ministers for the Treasury

Eddie Teare MHK, 2011–Present
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

↑ "2008–09 Isle of Man Budget at a Glance". Isle of Man Treasury. Retrieved 2008-05-28.

External links

http://www.gov.im/treasury/

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