Tax compliance in the Isle of Man

The Isle of Man’s Income Tax Division publishes the company rates on its corporate tax rates page. The standard rate for resident and non-resident companies is shown as 0%, while banking business, land and property income and retail profits above £500,000 are taxed at other rates. Check the page for the year you need, since rates are set per year of assessment.

The rate is not the whole picture. A company still files a return, keeps records and, where it carries on a relevant activity such as holding, finance or fund management, may have to meet the island’s economic substance rules. Ask a firm whether it has handled substance reporting, how it deals with beneficial ownership filings and who signs the return.

Accountanty lists 31 firms for tax compliance in the Isle of Man: 19 accounting firms and 12 corporate services providers. Small firms number 21, alongside 8 large networks and 2 medium ones. English is on offer at 23, and 17 take foreign clients. Aviation (10 firms), family offices (8) and yachting (6) are named most. See also VAT in the Isle of Man and the country guide.

Firms offering tax compliance 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

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

7 more firms offering tax compliance in the Isle of Man

Frequently asked questions

Do non-resident owners need to file anything in the Isle of Man?

The company files its own return and the owners may have beneficial ownership details recorded. Whether you have personal tax duties at home depends on where you are resident, so take advice there too.

What is economic substance?

It is a requirement for companies carrying on certain activities to show real activity on the island. The Income Tax Division sets out the sectors and the guidance. Ask a firm whether your activity is in scope.

Can a firm file the return for me?

Yes, firms commonly prepare and file the company return online. Agree who checks the figures and who monitors the deadline.

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.