'No immediate danger' over VAT

Tuesday, 14 June 2011 at 21:06

Health Minister David Anderson says the Isle of Man must remain prepared to fight the United Kingdom over revisions to the VAT revenue sharing agreement.

When the UK last changed the agreement, in 2009, it left the Manx government looking at a £140 million shortfall in finances over a number of years.

Mr Anderson says any further renegotiation by the UK could leave the Island with even more financial problems.

But, on Election Agenda last night, he told James Davis he didn't think it was in any immediate danger:

Clip 1

More from Isle of Man Sport

Athletics: Island duo earn coveted Six Star medals

Cain and Scott complete all of world's major marathons
Darts: Callum Brew retains Hungarian masters title

Manx paradarts competitor also shines in Hungarian Classic
McGuinness and Harrison to form TT 2027 Honda lineup

Duo unchanged for next year's road race calendar
Post box turns gold to honour Bostock

Manx cyclist honoured with landmark in Glen Vine

'No immediate danger' over VAT

Share

More from Isle of Man Sport