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:
MNH working on 'interim solution' for online newspaper archive
It was announced late last month that service would cease
Applications for Child Benefit move online
Demonstrates 'commitment to improving accessibility', says minister
Liquidator ordered to repay sums
He did not benefit personally from the payments made
DoI seeks planning approval for security fencing in Union Mills
Follows blaze at Old Marown Engineering Building