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Isle of Man - Benefits

Isle of Man companies benefit from a zero rate of tax on trading and investment income. They are also able to register for VAT, and businesses in the Isle of Man are treated by the rest of the EU for VAT purposes as if they are in the UK.

Subsequently, the Isle of Man is particularly useful for:

  • Holding investment portfolios and participations in other companies. This is due to the zero rate of tax on such activities and the lack of withholding taxes on dividend income from such companies.

  • Trading within the EU. Due to the zero rate of tax on trading income and the ability to quote an EU accepted VAT number.

  • Holding UK commercial property. For VAT purposes the UK and the Isle of Man are treated in the same manner.

  • Isle of Man companies wishing to borrow money from banks.  They benefit from being in a well regulated jurisdiction with a public register of mortgages and other charges.

  • Being home to Intellectual Property companies because the Isle of Man is a signatory to the Paris Convention on Patents and Trademarks.

Other policies the Isle of Man Taxation utilises include:

  • Taxation of Companies - The general rate of income tax in the Isle of Man is zero percent.  There is a small annual Government corporate charge.

  • Taxation of Individuals - There is a cap of £115,000 on an individual's income tax liability.