Oddagh bishaghey keesh liorish 1% cosney £10m
Oddagh bishaghey cosoyley rish ayns Urryssaght Ashoonagh cosney £17.8m
Oddagh bishaghey keesh liorish ping cosney £10 millioon elley 'sy vlein da'n reiltys, rere y Chirveishagh Tashtee.
Va Alfred Cannan cur freggyrt da feysht ayns yn Chiare as Feed liorish Oltey yn Chiare as Feed ass-lieh Doolish Yiass Kate Beecroft.
V'ee geearree toiggal cre veagh yn eiyrtys er cheet stiagh y reiltys jeh bishaghey 1% er rateyn keesh cheet stiagh as er urryssaght ashoonagh.
Oddagh cur y boandey sinshley 10% gys 11% gientyn wheesh as £2.8 millioon, dooyrt eh, as yn un vishaghey er y voandey syrjey 20% £7.1 millioon.
Myr co-heks, veagh shen bunnys dy liooar son ny va ceaut rour 'sy vlein ayns Thie Lheiys Noble.
Oddagh bishaghey cosoyley rish shen ayns toyrtyssyn yn Urryssaght Ashoonagh cur wheesh as £17.8 millioon ayns cheet stiagh elley.
Similar rise in NI could yield £17.8m
Raising taxes by a penny could bring government an extra £10 million per year, according to the Treasury Minister.
Alfred Cannan was responding to a question in the House of Keys from South Douglas Member of the House of Keys Kate Beecroft.
She wanted to know what effect a 1% increase on income tax rates and national insurance contributions would have on government revenue.
Bumping the lower 10% band to 11% would generate up to £2.8 million, he said, and the same increase on the higher 20% band £7.1 million.
For context, that would almost be enough to cover a year's overspend at Noble's Hospital.
Similar increases to National Insurance contributions could also raise up to £17.8 million in additional income.
