Buck's Road, Douglas
Isle of Man IM1 3TX
+44 (0) 1624 685400
The Corporate Charge was introduced on 6 April 2006 for corporate tax payers that are;
• resident in the Island; or
• incorporated, established or constituted under the law of the Island; or
• registered under part XI of the Companies Act 1931 (“the Foreign Companies Register”)
The Corporate Charge was set at £250 for the 2006/07 year of assessment and was payable on 1 January 2007 .
On 6 April 2007 the administration of the Corporate Charge passed to the Financial Services Commission, so the Corporate Charge administered by the Income Tax Division only applied to the 2006/2007 year of assessment.
Corporate Charge relief no longer applies to accounting periods ending on or after 06/04/2009.
See PN 146-07 Repeal of Corporate Charge Legislation for further details.
The FSC's website can be accessed here