Frequently Asked Questions about VAT and Customs in the Isle of Man


What are the current VAT registration and deregistration limits?
I’ve just registered for VAT. How far back can I go to claim input tax?
I am a sole trader but have just formed a limited company. Do I need a new VAT registration?
I am selling my business as a going concern. Do I have to charge VAT on the sale?
How long do I have to keep my books and records for?
Can I pay my VAT by electronic means?
Can I just make one VAT return per year?
Can I account for VAT on a cash received basis?
How does the reduced rate of VAT on property repairs work?
I am building my own house. Can I reclaim the VAT on materials?
Is VAT payable by charities?
What are fuel scale charges and how much are they?
Option to tax rents
I have bad debts that I have already accounted for VAT on. Can I claim the VAT back?
I’ve made a mistake on my VAT return. How do I correct it?
Which countries are in the European Union?
I want to buy a new car from another EU country. How much will I have to pay in VAT when I bring it home?
I am moving to the Island from outside the EU. Will I have to pay tax on my car and household items I bring with me?
I have noticed web sites on the Internet selling alcohol and tobacco. Will I have to pay duty on these if I buy them?
I am going abroad for my holidays. What are my duty free allowances?
What are the new rules regarding reverse charging on supplies of specified goods (e.g. Mobile telephones and computer chips)?