The government says it will continue to look into the possibility of a corporate tax cap after an encouraging response to consultation.

Suggestions included capping liability at ?6 million a year, or index linking a cap to let business know where they stand for the future.

In a document responding to the consultation, the Treasury says the feedback has been mostly positive.

But it says the level of the cap – whether it should be subject to annual review via the Budget process or index-linked, and whether the cap should apply to the aggregate tax liabilities of Manx groups of companies still needs to be looked at.

The information gathered during consultation will now be used to consider policy issues about the cap’s future introduction.