The Isle of Man Customs & Excise service is a Division of the Isle of Man Government’s Treasury. For further information visit the Customs & Excise website
ICM Accounting prepares VAT returns for all of the companies VAT registered within our group. We have a good relationship with the Customs & Excise officers and are in walking distance of their office should we need a speedy response to a query or request.
We also offer a comprehensive VAT service to our Dominion Marine clients as it has become imperative to maintain complete and well organised VAT records for your yacht so they are available for inspection at all times by customs authorities and by possible purchasers of your yacht. We will work with you, your captain and managing broker to reproduce the full VAT records from the date of purchase or importation (either full or temporary) or from 1992/3. Having recreated your records on an hourly charge basis, we will maintain your records and provide a full report to persons authorised by the owner. This service will help make customs inspections painless and will help facilitate the resale of your yacht.
We also work closely with our colleagues managing our VAT deferral schemes for owners of yachts and aircraft.