HERE are the taxation measures announced in today's (Tuesday's) the Manx Budget.

*The income tax standard rate for individuals remains at 10 per cent

*The income tax higher rate for individuals remains at 20 per cent

*Income tax personal allowances unchanged at £9,300 for single people and £18,600 for married couples

*Additional personal allowance for over 65s remains at £2,020

*The threshold at which the higher rate for individuals becomes payable remains at £10,500

*Increase in personal allowance credit from £650 to £700 per person or £1,400 per couple

*Removal of tax relief on class 4 National Insurance contributions

*Rates of National insurance on class 1,2 and 4 contributions will not have the 1 per cent increase that will be introduced in the United Kingdom from April 2011

*Removal of tax relief on new Educational Deeds of Covenant and reallocation to student awards

*Cap on mortgage and loan interest relief reduced by £2,500 to £7,500 per person per year