Isle of Man

Accounting and tax skills

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IM Non Resident Income Tax

Isle of Man Cross-BorderTax year 2026

Isle of Man income tax on individuals who are not resident in the Island, for the 2026/27 tax year (6 April 2026 to 5 April 2027). It covers the 21% non-resident rate with no personal allowance, which Manx income is taxable and which is excluded (Manx bank interest, Manx company dividends, the Manx State Pension), the section 11A limit on tax, the non-resident return due 6 October, payer deductions under notice N15 with forms N13, N20, N35 and N37, the HR code for non-resident employees, pension relief on form R221, and the UK treaty rules on residence, employment, directors, pensions, government service, entitlement and mutual agreement.

Not yet approved

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IM Related Party UK Treaty

Isle of Man Transfer PricingTax year 2026

Related-party (associated enterprise) pricing between the Isle of Man and the United Kingdom for the 2026/27 tax year, under Article 9 of the 2018 UK-Isle of Man double taxation agreement. It covers when two enterprises are associated (participation in management, control or capital), the primary profit adjustment, the corresponding adjustment the other territory must make, company treaty residence, the principal purpose test, the three-year mutual agreement time limit and the two-year route to arbitration, the Manx company rates (0%, 10%, 20%) that decide what a corresponding adjustment is worth, and the only express arm's-length rule in the Income Tax Act 1970 (petroleum extraction).

Not yet approved

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IM Company Formation

Isle of Man Company FormationTax year 2026

Company formation and entity choice in the Isle of Man for 2026/27: 2006 Act companies (one director, a licensed registered agent), 1931 Act companies (two individual directors and a qualified secretary), limited liability companies under the 1996 Act, foundations, limited partnerships and foreign companies; Companies Registry incorporation fees (GBP 100 standard, GBP 250 two-hour, GBP 500 while you wait), annual return fees (GBP 380 standard, GBP 95 excepted) and late fees; the annual return within 1 month of its made-up date; beneficial ownership (nominated officer, 25% threshold from 2026, senior managing official); and the tax filings every company owes (online income tax return 12 months and 1 day after the period end, economic substance). Trigger phrases: set up a company in the Isle of Man, IOM company formation, 2006 Act company, Manx LLC, registered agent Isle of Man, annual return fee Isle of Man. For tax detail use im-corporate-income-tax, im-payroll-social and isle-of-man-vat.

Not yet approved

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IM Tax Overview

Isle of ManTax year 2026

Overview of the Isle of Man tax system for 2026/27 (6 April 2026 to 5 April 2027): the authorities (Income Tax Division; Customs and Immigration), the tax year and currency, residence, the GBP 17,000 personal allowance, the 10% and 21% rates and the 21% non-resident rate, the GBP 220,000 tax cap, the 0%, 10% and 20% company rates and the 15% Domestic Top-up Tax, National Insurance rates, VAT at 20% with the GBP 90,000 threshold and the Island's own 5% rates, no capital gains tax or inheritance tax, and the main return and payment dates. Trigger phrases: Isle of Man tax overview, how does tax work in the Isle of Man, Manx tax rates 2026, IOM 0% company tax, Isle of Man tax cap. For detail use the domain skills: im-income-tax, im-non-resident-income-tax, im-corporate-income-tax, im-payroll-social, isle-of-man-vat, im-related-party-uk-treaty, im-company-formation.

Not yet approved

Built from the law

IM Corporate Income Tax

Isle of Man Corporate TaxTax year 2026

Isle of Man income tax on companies and other corporate taxpayers for 2026/27 and accounting periods ending in it. It covers who is taxed (resident companies on worldwide income, non-resident companies on Manx income), the 0% standard rate, the 10% rate for banking business and for Manx retail business with taxable income over GBP 500,000, the 20% rate for Manx land and property and petroleum extraction, the separate 15% Domestic Top-up Tax for large groups, the loans to participators charge, withholding on payments to non-residents, the pay and file return due 12 months and 1 day after the period end, late return penalties, interest and economic substance questions.

Not yet approved

Built from the law

Isle Of Man VAT

Isle of Man VAT / GSTTax year 2026

Isle of Man VAT in 2026 under the Value Added Tax Act 1996 (an Act of Tynwald) and the Customs and Excise Agreement with the UK. It covers who must register with Isle of Man Customs and Immigration (the GBP 90,000 threshold, GBP 88,000 exception and deregistration test), the 20%, 5% and 0% rates, the Manx-only reduced rates on hotel and holiday accommodation and on construction services on eligible buildings, the domestic reverse charge for construction, exempt supplies, input tax recovery and partial exemption, return periods and online filing, late return and late payment penalties, interest, error correction, and trade with the UK and the rest of the world.

Not yet approved

Built from the law

IM Income Tax

Isle of Man Income TaxTax year 2026

Isle of Man personal income tax for resident individuals in the 2026/27 tax year (6 April 2026 to 5 April 2027). It covers residence (the six-month statutory test and the 90-day four-year practice), the GBP 17,000 personal allowance (GBP 34,000 for a jointly assessed couple) and its taper above GBP 100,000, the 10% and 21% rates and the GBP 6,500 / GBP 13,000 lower-rate band, additional allowances, deductions relieved at 10% and their limits, the GBP 220,000 / GBP 440,000 tax cap election, independent and joint taxation, returns, payment dates, payment on account, penalties and late-payment interest, and double taxation relief.

Not yet approved

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IM Payroll Social

Isle of Man PayrollTax year 2026

Isle of Man payroll and National Insurance in the 2026/27 tax year (6 April 2026 to 5 April 2027). It covers who pays which class, the 2026/27 Class 1 thresholds (primary and secondary threshold GBP 176 a week, upper earnings limit GBP 1,082), the 11% and 1% employee rates and the 12.8% employer rate with no upper limit, directors' annual earnings period, Class 2 (GBP 6.75 a week) and the small earnings exception, Class 3, Class 4 (8% and 1%), ITIP income tax deductions and tax codes, employer registration and monthly T35 payments by the 19th, the annual return by 5 May, employer penalties, the UK reciprocal agreement and detached workers.

Not yet approved

Built from the law