Accounting and bookkeeping in the Isle of Man

A company in the Isle of Man keeps accounting records and files a company tax return with the Income Tax Division. The Division states that the return is due 12 months and one day after the end of the accounting period, and that any tax due is payable by the same date. For an owner who lives elsewhere, a local firm usually keeps the books, prepares the figures and files the return.

The island’s client base shapes the profiles. Many firms work with aviation, real estate, family office and yachting clients, so check that the firm knows your own sector and your structure, whether that is a trading company, a holding company or a company held by a trust. Ask about reporting to owners abroad, the software used, and what the fee covers.

Accountanty lists 32 firms that offer accounting in the Isle of Man: 18 accounting firms, 13 corporate services providers and 1 law firm. 21 are small, 8 large networks and 3 medium. 23 work in English, and 16 say they serve foreign clients. Aviation and real estate (10 firms each) and family offices (8) are the industries named most. Most are in Douglas. The Isle of Man guide covers the setup steps.

Firms offering accounting in the Isle of Man

Dixcart

Corporate services provider · Medium-sized firm

Douglas

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +3 more

Languages: English

View profile of Dixcart

Cains

Law firm · Boutique firm

Douglas

  • Company formation
  • Accounting and bookkeeping
  • Corporate secretarial
  • +1 more
View profile of Cains

Equiom

Corporate services provider · International network

Douglas

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +2 more

Languages: English · Chinese

View profile of Equiom

Jessups

Corporate services provider · Boutique firm

Douglas

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +4 more
View profile of Jessups

8 more firms offering accounting in the Isle of Man

Frequently asked questions

Does an Isle of Man company have to keep accounting records?

Yes, a company should keep proper records of its transactions, and the tax return is prepared from them. A local firm can set up the system and explain what you need to keep and for how long.

Can I use an accountant outside the island?

You can, but the filings and the local officers sit in the Isle of Man, so most owners use a firm there. Ask whether a firm can coordinate with your advisers in your home country.

What should an accounting quote include?

The scope of bookkeeping, the year-end accounts, the tax return, who deals with the Income Tax Division, and the fee for extra work. Ask for these in writing so quotes can be compared.

Other services in the Isle of Man

Accountants by city in the Isle of Man

Setting up a company in the Isle of Man: the guide and every firm

General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.