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	Mark Shimmin, Chief Financial Officer
Website
www.gov.im/treasury

Isle of Man

This article is part of the series: Politics and government of the Isle of Man

Government Lord of Mann Elizabeth II The Crown Lieutenant Governor Adam Wood Deputy Governor David Doyle Council of Ministers Chief Minister: Allan Bell Treasury Minister: Eddie Teare Economic Development Minister: John Shimmin Home Affairs Minister: Juan Watterson Health Minister: David Anderson Education Minister: Peter Karran Infrastructure Minister: David Cretney Social Care Minister: Chris Robertshaw Environment, Food and Agriculture Minister: Phil Gawne Community, Culture and Leisure Minister: Tim Crookall Departments Statutory Boards Offices Other Agencies Tynwald Act of Tynwald List President of Tynwald: Clare Christian Legislative Council President Clare Christian House of Keys Speaker Steve Rodan MHK Members (MHKs) Officials of State Judiciary Manx Judiciary High Bailiff Deputy High Bailiff First Deemster Second Deemster Deemster Judge of Appeal Justices of the Peace Local government Local government Parish Captains Elections House of Keys elections Keys constituencies Political parties Last election Foreign policy Foreign relations

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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

• Financial Supervision Commission
• Insurance and Pensions Authority
• Gambling Supervision Commission
• General Registry
• Public Lottery Trust

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

1. ^ "2008–09 Isle of Man Budget at a Glance". Isle of Man Treasury. http://www.gov.im/treasury/budget/. Retrieved 2008-05-28. 

External links

• http://www.gov.im/treasury/