Isle of Man
Taxation in Isle of Man
Recent forum posts
-
Buy Nembutal pentobarbital and Fentanyl,(Capsules,Liquid, powder and pills)- WhatsApp: +447401473736 We are reliable and trusted vendors of Nembutal (Pentobarbital Sodium).We have established an
Buy Nembutal pentobarbital and Fentanyl,(Capsules,Liquid, powder and pills)- WhatsApp: +447401473736We are reliable and trusted vendors of Nembutal (Pentobarbital Sodium).We have established an excellent reputation over the years by providing our customers with excellent quality/ purity Nembutal. We offer pleasant and professional shipping experience with 100% discreet packaging and delivery w
Total Posts: 1 Last post by NewGee101
-
Get IELTS, TOEFL, PTE, CPSO, Degree & other documents 100% WhatsApp: +447401473736 Get your Degree & Certificate without Exams and get the best results We also issue fake & legal documents lik
Get IELTS, TOEFL, PTE, CPSO, Degree & other documents 100% WhatsApp: +447401473736Get your Degree & Certificate without Exams and get the best resultsWe also issue fake & legal documents likes ( PASSPORT, ID CARD, DRIVING LICENSE, DEATH CERTIFICATE, BIRTH CERTIFICATE, IELTS, DEGREE, CPSO)and other documents as well. very authentic documents within a short time frame, for more information
Total Posts: 1 Last post by NewGee101
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.