Discussion
The Isle of Wight is part of the UK so it is no different to any other part of the British mainland when it comes to company taxation. It's technically part of Hampshire.
The Isle of Man is NOT part of the UK and therefore can set its own taxes. I am sure a quick Google under "Isle of Man - Business Matters" would reveal all you need to know. Because it's not part of the UK (or the EU), the authoritoes on the IoM are choosy about whom allows to set up business on the island.
If you WERE able to set up a company on the IoM it POSSIBLY could avail itself of the lower company tax rates there. However, any money you earned PERSONALLY from the company (salaries, dividends etc) would be subject to normal UK Income Tax and possibly National Insurance.
The Isle of Man is NOT part of the UK and therefore can set its own taxes. I am sure a quick Google under "Isle of Man - Business Matters" would reveal all you need to know. Because it's not part of the UK (or the EU), the authoritoes on the IoM are choosy about whom allows to set up business on the island.
If you WERE able to set up a company on the IoM it POSSIBLY could avail itself of the lower company tax rates there. However, any money you earned PERSONALLY from the company (salaries, dividends etc) would be subject to normal UK Income Tax and possibly National Insurance.
Edited by Eric Mc on Monday 23 July 20:24
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