The Isle of Man Treasury has announced a reduction in the VAT rate on food and attractions to 5% from 15 July 2020 to 12 January 2021, in line with the UK.
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VAT reduction on food and attractions to stimulate business
Wednesday, 8 July 2020
In order to stimulate business in the hospitality sector, the Isle of Man’s VAT rate on food and attractions will be reduced to 5% from Wednesday 15 July to Tuesday 12 January.
Further details on what the VAT reduction will apply to will be issued …