New Manx Vehicles (2006 Act Companies)
The Companies Act 2006 came into force on 1 November 2006 and the first New Manx Vehicles (NMVs) or '2006 Act companies' as they will formally be known, were incorporated on the same day.
For Income Tax purposes, there is no distinction made between a '1931 Act company' and a '2006 Act company.' They are subject to the same taxation laws.
For further information regarding NMVs please see the Companies Registry website.