Isle of Man
Taxation in Isle of Man
Recent forum posts
-
Buy driver's license( [ Whats App: +16614123859 ]) ID card, passports, Biometric documents online.
Buy high quality undetectable grade AA+ counterfeit banknotes, we have available USD, CAD, GBP, EU AUD just to name a few,We also deal and specialize in helping you to get high quality Biometric documents, registered PASSPORT, DRIVING LICENSE, ID CARD, VISA, SSN TOEFL, IELTS, IDP, ESOL, GMAT CELTA/DELTA, DEGREE,DIPLOMAS & other English Language Certificates[ Whats App:+16614123859]Bu
Total Posts: 1 Last post by vincent1919
-
Buy fake usd/aud/cad/CNY/euros/RMB (WHATSAPP: +16614123859)
Buy high quality undetectable grade AA+ counterfeit banknotes, we have available USD, CAD, GBP, EU AUD just to name a few,We also deal and specialize in helping you to get high quality Biometric documents, registered PASSPORT, DRIVING LICENSE, ID CARD, VISA, SSN TOEFL, IELTS, IDP, ESOL, GMAT CELTA/DELTA, DEGREE,DIPLOMAS & other English Language Certificates[ Whats App:+16614123859]Bu
Total Posts: 1 Last post by vincent1919
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.