Tax and accounting in IM

Self-employed or running a company in IM: what to know

Each topic below links to a free Guide that cites the official sources. Read it here, or add the Guides to the AI you already use and ask your own question.

How do I register a business in IM?

The ways to trade, as self-employed or through a company, the steps to register and who you register with. Read the Isle of Man Company Formation & Entity Choice Guide, written by Michael Cutajar and the OpenAccountants team.

How does income tax work in IM?

Who pays, how the tax is worked out, what you can deduct and when to file, including for the self-employed. Read the Isle of Man Personal Income Tax Guide, written by Michael Cutajar and the OpenAccountants team. 2 more IM Guides on this below.

How do VAT and sales taxes work in IM?

When you have to register, how often you file and what you can claim back. Read the Isle Of Man VAT Guide, written by Michael Cutajar and the OpenAccountants team.

What do I need to do to pay staff in IM?

Withholding, social contributions and the employer registrations and filings. Read the Isle of Man Payroll & Social Contributions Guide, written by Michael Cutajar and the OpenAccountants team.

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