The Island's new tax strategy could be ready for February's Tynwald sitting.
Treasury Minister Allan Bell made the announcement in response to a question from Rushen MHK Juan Watterson.
Explaining the delay, Mr Bell (pictured) referred to the "rapid change in the Island's fiscal circumstrances, as a result of the reduction in VAT, rapidly falling interest rates and the worstening external economic conditions".
He went on:
Two large retailers 'express interest' in Next store in Douglas
Clothing and homeware store to leave Strand Street next month
Updates planned to beneficial ownership framework
Changes to be brought to Tynwald in May
TT themed restaurant and bar to open this weekend
'Grand opening' for Motor Isle Bar and Grill
Businesses feel strain from 25 percent increase in Steam Packet freight fuel surcharge
Chamber calls for government intervention as freight costs rise across the Island
