ISLE OF MAN CHANGES DEFINITION OF “PAYROLL AGENT” TO WIDEN SCOPE

On the June Order Paper for the Isle of Man Parliament, Tynwald, the Designated Businesses (Amendment) Order 2019 makes various amendments to definitions in the Designated Businesses (Registration and Oversight) Act 2015.  The most important is probably to that of ‘payroll agent’, which was expanded to capture the scope gap identified relating to where the payroll agent is acting as an individual’s employer but the work of the individual is being carried out outside the Island, the work is not directly for the employer (payroll agent) and the work is not the principle trade of the employer (payroll agent).   This amendment is intended to capture the businesses that have previously fallen out of scope therefore more businesses may be required to register under the DBROA as a result.  The changes have effect from 1st June.

http://www.tynwald.org.im/business/opqp/sittings/20182021/2019-SD-0203.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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