Isle of Man
Taxation in Isle of Man
Recent forum posts
-
800 Netcad Super Suite 2026.05
Pls try email to yamile5678#hotmail.com change # into @ , Ctrl+F to search softwares Ceramill 4.9 2025Ceramill Software 4.10Cerberus v14.5CerebroMix v10.1.1.198CEREC CAM SW Inlab CAD 22.1CEREC Premium CAM SW 4.4.3cerec stl import 5.1CEREC SW v5.2cerecmill 2022-2.3Certainty3D TopoDOT 2025.2.1 For MicrostationCertara Phoenix 2026 v8.7.0Certara Phoenix WinNonlin 8.7
Total Posts: 1 Last post by Digramsg
-
066 neoStampa 26.4.2
Pls try email to yamile5678#hotmail.com change # into @ , Ctrl+F to search softwares EFD Pro v8.2 Win64EFDC+ Explorer Modeling System 12.4Effects Suitet Magic Bullet Suite 11.0 for After EFfects CS6 MacOSXEFI 9.0EFI Fiery Color Profiler Suite(FCPS) v5.3.0.12EFI Fiery eXpress v4.6.1 WindowsEFI Fiery XF 9.0EFI OptiTex Suite v19.6 Win64EFICAD SWOOD 2024 SP4.0 x64 for Soli
Total Posts: 1 Last post by Digramsg
Taxation on the Isle of Man
Income Tax
Resident individuals and companies are subject to Manx income on their worldwide income. Income tax is levied at a rate of 10% on the first £10,300 of taxable income and 18% on the rest.
Corporate Tax
Companies do not have to pay corporate tax.
VAT
The Isle of Man imposes the UK VAT rate of 17.5%.
Social Security
The social security system is identical to that of the UK. Social security provides for services including healthcare, sick pay, and a basic pension on retirement. Contributions are related to earnings and are deducted at source from salaries along with income tax.
National Insurance
There is a reciprocal agreement between the UK and the Isle of Man which means that any National Insurance contributions that you have paid in the UK will have also have validity in the Isle of Man and vice versa. It should be noted however, that your National Insurance account will not be transferred to the Isle of Man until you have been on the island for at least one year. This means that you will have exactly the same entitlement to all contributory benefits as you did in the UK.