Isle of Man Compliance Guide
Filing requirements, deadlines, and fees for Isle of Man business entities.
Filing Obligations
Annual Return
AnnualIsle of Man companies must file an annual return confirming company details, directors, members, and registered agent. The return must be accompanied by the annual fee.
Within 1 month of the return date (anniversary of incorporation)
£380 (2006 Act company); £380 (1931 Act company)
£50 late filing penalty per month (capped at £600). Company may be struck off for persistent non-compliance.
Online via the Isle of Man Companies Registry portal
Income Tax Return
AnnualIsle of Man corporate tax rate is 0% for most companies. A 10% rate applies to income from banking business and retail business with taxable income exceeding £500,000. A 20% rate applies to income from land and property in the Isle of Man.
1 year and 1 day after the end of the accounting period
No filing fee
Penalties apply for late filing. Interest charged on unpaid tax.
Online via the Income Tax Division
Beneficial Ownership Filing
OngoingIsle of Man entities must file and maintain accurate beneficial ownership information with the Companies Registry. Beneficial owners are persons who hold more than 25% of shares, voting rights, or exercise significant control.
Upon formation; changes within 1 month
No fee
Civil penalties; criminal prosecution for wilful non-compliance with fines up to £5,000.
Online via the Companies Registry
Key Dates
Frequently Asked Questions
What is the Isle of Man corporate tax rate?
The standard corporate tax rate is 0%. A 10% rate applies to banking and large retail income (over £500,000). A 20% rate applies to income from Isle of Man land and property.
What is the difference between the 2006 Act and 1931 Act companies?
The Companies Act 2006 provides a modern, flexible framework for Isle of Man companies with no requirement for a memorandum and articles of association (a single constitution suffices), no par value shares, and no requirement for an annual general meeting. 1931 Act companies follow the older UK-style framework.
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Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.