Rate for food and attractions to drop to 5% next week
The 5% VAT rate on food and attractions will be a welcome boost for the "suffering" hospitality industry.
That's according to Enterprise Minister Laurence Skelly.
The Isle of Man Government confirmed it will reduce the rate from next Wednesday until 12 January next year in line with an announcement by UK Chancellor Rishi Sunak earlier this week.
Despite the impact on the Island's income, Mr Skelly says it's a much needed step:
Horse tram business case 'an investment in guaranteeing our heritage'
MHKs call for further funding for Island's heritage infrastructure
Climate advisor paid £789 per day in 2024
The last payment was made in December that year
Part of Old Castletown Road closes for manhole cover work
Traffic heading into Douglas diverted via Quarterbridge
MHK behind 20mph motion 'never intended' for there to be a blanket limit
Ann Corlett has recently met with infrastructure minister to discuss restrictions around Douglas schools
BBC Channel Island stations to end medium wave transmissions
Less than 100 stations across Europe still broadcast services on AM