University College Isle of Man University College Isle of Man The University College Isle of Man (UCM) () is the primary centre for tertiary, vocational education and higher education on the British Crown dependency of the Isle of Man, being located in the Manx capital city of Douglas. Founded as the Douglas School of Art on Loch Promenade in November 1880, the college was renamed the School of Technology, Arts and Crafts upon relocation to the Government Building on Lord Street in 1947, with a 1960 rebranding as the College of Further Education and a 1971 move to the present campus on Homefield Road. As
Economy of the Isle of Man and taxed on a total worldwide income basis rather than on a remittance basis. This means that all income earned throughout the world is assessable for Manx tax, rather than only income earned in or brought into the Island. The standard rate of corporation tax for residents and non-residents is 0%; retail business profits above £500,000 and banking business income are taxed at 10%, and rental (or other) income from land and buildings situated on the Isle of Man is taxed at 20%. Trade is mostly with the United Kingdom. The Isle of Man has free access to European Union