Consumption on Isle of Man is regarded as consumption in Britain, which will also be levied 20% VAT

VAT mark in Britain is VAT

Standard rate in Britain is 20% (Before January 4, 2011, it was 17.5%) with another tax rate:

5%

Tax Refund Scope:

• Travel expenses (hotel accommodation, catering, transportation, communications)

• Construction costs of exhibition stand

• Real estate services expenses (leasing, construction, tearing down and repairing of house, intermediary services, employment of auctioneers, architects, lawyers, surveyors, engineers, audit services, property assessments, surveys)

• Development and exploration costs (oil, natural gas, minerals)

• Conditions surveys and research expenses of land and sea-bed (earthquakes, geology, geomagnetism)

• Related expenses of overseas offices, representative offices and liaison offices (house rental, utilities, office furniture, decoration, etc.)

• DROP-SHIPPING (purchasing, transportation and manual operation expenses that produced by purchasing goods from one EU country and delivering to another)

• Import tax

• Subcontract

Non-Tax Refund Scope:

• Business Entertainment expenses

• Travel accommodation expenses

Minimum Tax Refund Amount:

• Quarterly: 295 pounds (GBP)

• Annual: 35 pounds (GBP)

Valid Period of Tax Refund:

• The invoice of the first half of the current year(subjecting to the date of invoice) must be submitted for tax refund application by the end of the year; The invoice of the second half of the current year (subjecting to the date of invoice) must be submitted for tax refund application before June 30th the next year. For example: if the date of invoice is December 30th, 2010, this invoice must be submitted to the Britain tax bureau before June 30th, 2011 for tax refund application.  

Documents Required for Tax Refund:

• Certificate of Authorization (handled by our company and your company just needs to sign and seal)

• Tax Registration Certificate (handled by our company, signed and sealed by your company )

• Copy of Tax Registration Certificate (with official seal)

• The original invoice (electronic version of the invoice is also acceptable)

Processing Period:

• The processing period published by Britain tax bureau is 6 months. Usually Chinese companies can receive the tax refund payment within 6 months after submitting tax refund application.

• In actual operation, Britain tax bureau won't remit the tax payment neither later than 6 months nor earlier than 5 months, usually it will remit tax payment after receiving the application for about 6 months.