IoM obliged to follow change announced by Sunak
VAT on food and attractions on the Isle of Man is to be reduced from 20 to five per cent next Wednesday (15 July).
It's after UK Chancellor Rishi Sunak announced the tax would be cut for the hospitality sector to assist in the country's recovery from coronavirus.
The Isle of Man is obliged to follow the UK on VAT changes under a revenue-sharing agreement.
The reduction will last until 12 January, with more details to be released shortly.
Council of Musical Chairs: What do we know?
Almost three dozen ministerial changes have taken place in the Cannan administration
Tim Crookall MHK back in CoMin
He's the new DOI Minister
Michelle Haywood MHK steps down as DOI minister
Alfred Cannan has thanked her for her contribution over the last 15 months
Chris Thomas appointed Treasury Minister
Alex Allinson stepped down following a cabinet reshuffle this morning