What tax will I owe as an Isle of Man sole trader? Income tax, NI and Payment on Account explained
Three payments for sole traders
Three payments for sole traders
QuickBooks, Xero and FreeAgent are fine for tracking income and expenses, but their tax estimates assume UK rates. Here's a 2026/27 UK-vs-IoM side-by-side for Manx sole traders.
A clear guide to what applies when you go self-employed on the Isle of Man — income tax, Class 2 / Class 4 NI, VAT, record keeping, and the 2026/27 rates and deadlines you need in your diary.
The four Isle of Man tax dates every sole trader needs in the diary — 6 April (year starts), 5 April (year ends), 6 October (filing deadline, £100 penalty if missed), and 6 January (Payment on Account).