Government says data showed no tangible increase in workers
The National Insurance Holiday Scheme has paid out more than £6.3 million since its launch in 2019.
It aimed to attract skilled workers to the Isle of Man by refunding all National Insurance contributions paid over a tax year, up to a cap of £4,400, for those in full-time employment.
However, the scheme is now being suspended, except for returning students, after data showed no tangible increase in workers - something partially hindered by the Covid-19 pandemic.
Treasury Minister Alex Allinson denies the majority of applicants came to the Island on an immigration visa:
Man who launched attack on van driver sentenced
RNLI's last serving Mersey class boat visits the Island
Double victory for Island's heritage railways
Demolition work to get underway on Douglas high street site
Pan-Island Skills Test returns to the Isle of Man