Isle of Man raises the VAT registration threshold to £90,000 from 1 April 2024
This page records one dated change. For the rules in Isle of Man as they stand today, see the Isle of Man guide →
- Jurisdiction
- Isle of Man
- Tax
- VAT
- Change type
- Threshold
- Status
- In force
- Impact
- FYI
- Announced
- 13 March 2024
- Effective
- 1 April 2024
- Instrument
- IM-STATUTORY-ORDER-SD-2024-0100
- Authority
- Isle of Man Treasury
- Verified
- Fetched from official source · high confidence
Isle of Man businesses making taxable supplies with turnover near £90,000, and registered businesses considering deregistration below £88,000.
No action — monitoring only.
The Value Added Tax (Increase of Registration Limits) Order 2024 (SD 2024/0100, made by the Isle of Man Treasury on 13 March 2024, in operation from 1 April 2024) raised the VAT registration threshold from GBP 85,000 to GBP 90,000 and the deregistration threshold (and the forward-looking registration exception) from GBP 83,000 to GBP 88,000, matching the UK change.
What changed in detail
The Value Added Tax (Increase of Registration Limits) Order 2024 (SD 2024/0100) was made by the Treasury Minister on 13 March 2024 and laid before Tynwald on 16 April 2024. It came into operation on 1 April 2024. It amends Schedule 2 to the Value Added Tax Act 1996 and changes three limits:
| Limit | Before | From 1 April 2024 |
|---|---|---|
| Registration threshold (paragraph 1(1) and (2)) | £85,000 | £90,000 |
| Forward-looking exception (paragraph 1(3)) | £83,000 | £88,000 |
| Deregistration limit (paragraph 4) | £83,000 | £88,000 |
The forward-looking exception lets a business that has passed the registration threshold avoid registering if its taxable supplies in the next 12 months will be below the exception value. The explanatory note says businesses below the threshold can still register voluntarily. The amounts were last changed by SD 2017/0113.
What it means
These are the first increases since 2017. They match the UK change on the same date, so the Island and the UK keep one threshold under the Customs and Excise Agreement. The limits are still in force: no later Manx order changing them appears in this record set as of November 2026. Businesses near the threshold should test their turnover against £90,000 over the last 12 months. A business already registered can deregister only if its taxable supplies are expected to fall below £88,000.
Proof
This Order increases the prescribed registration values from £85,000 to £90,000 and, in cases that fall within the exception, from £83,000 to £88,000.
Source snapshot of the official page. Open full size ↗Archived from the official distribution · Statutory Document No. 2024/0100, Value Added Tax (Increase of Registration Limits) Order 2024, made 13 March 2024 · tynwald.org.im