Isle of Man Tax Tables 2019 - Tax Rates and Thresholds in Isle of Man
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This page contains the tax table information used for the calculation of tax and payroll deductions in Isle of Man in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ IM, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Isle of Man or would like to add to or suggest amendments to the information herein then please contact us.
2019 Tax Tables [Quick Links]
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Isle of Man Personal Income Tax Tables in 2019
The Income tax rates and personal allowances in Isle of Man are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Isle of Man Tax Calculator 2019.
Isle of Man provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Isle of Man in 2019:
Isle of Man Standard Deduction in 2019| Residence Status | Standard Deduction |
|---|
| Resident | $ 14,000.00 |
| Non-resident | $ 0.00 |
Isle of Man Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 10% | Income from $ 0.000.00 | to | $ 6,500.00 |
| 20% | Income from $ 6,500.01 | | and above |
Isle of Man Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 20% | Flat rate on all taxable income |
In the Isle of Man, social security deductions, known as National Insurance contributions, made by employees are not deductible from their gross income for the purpose of calculating taxable income. This means that these contributions are made from an employee's income after income tax has been applied. Therefore, National Insurance contributions do not reduce the taxable income of employees in the Isle of Man and do not impact the calculation of their income tax liabilities.
Isle of Man Social Security and Payroll Deduction Rates in 2019
In the Isle of Man, social security contributions, known as National Insurance, are made by both employees and employers. These contributions fund a range of benefits designed to provide support and security to individuals and families in various circumstances.
Isle of Man Social Security in 2019: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Class 1 employees primary rate of NI (between primary threshold and UEL) | 11% | 0% | 11% |
| Class 1 employees additional rate of NI (above UEL) | 1% | 0% | 1% |
| Class 1 employers rate of NI (on all earnings above secondary threshold) | 0% | 12.8% | 12.8% |
Isle of Man Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Class 1 employees primary rate of NI (between primary threshold and UEL) | $ 6,504.00 | $ 40,776.00 | n/a | n/a |
| Class 1 employees additional rate of NI (above UEL) | $ 40,776.00 | n/a | n/a | n/a |
| Class 1 employers rate of NI (on all earnings above secondary threshold) | n/a | n/a | $ 6,504.00 | n/a |
Isle of Man VAT Rates in 2019
VAT rates for Isle of Man are reviewed annually, you can use the VAT Calculator to calculate VAT due in Isle of Man or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Isle of Man VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 5% | Reduced Rate |
| 20% | Standard Rate |
Historic Tax Tables supported for Isle of Man
The following tax tables are supported by iCalculator™ IM as part of the suite of free tax tools we provide for Isle of Man.