Isle of Man — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
|20%||5%, 0%||Pound (GBP)|
Isle of Man's general VAT rate is 20%, with other rates including 5% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Isle of Man Customs and Excise Division (http://www.gov.im) in Douglas.
Isle of Man is a member of the Part of the European Union (EU) for customs and VAT matters but not an EU Member State trading bloc, which may affect international VAT collection and regulations.
Isle of Man's consumption tax is called the Value-added tax (VAT), which was introduced in December 1969.
Isle of Man VAT rates for 2022
- Zero-rated, exempt and exempt with credit
Isle of Man VAT number format
Businesses in Isle of Man that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Isle of Man Customs and Excise Division, and will follow a certain format. The VAT number format is GB 999.9999.99.
Monthly (if requested by a business that receives regular repayments)
Annual (on request if annual taxable turnover is less than GBP1,350,000)
Isle of Man Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Isle of Man are required to start collecting and remitting tax.
- GBP82,000; nil for non-established businesses
- Distance selling
- Intra-Community acquisitions
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Isle of Man are required to collect taxes from the consumer.
Isle of Man VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Isle of Man VAT refund program, more info can be obtained from the Isle of Man Customs and Excise Division.
Isle of Man Tax Sources & Citations
- EN: Isle of Man Value Added Tax
- RU: НДС
- CN: 增值税
- Isle of Man Isle of Man Customs and Excise Division (1)
- Ernst & Young global VAT tax study, Isle of Man (updated 2022)
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