The Isle of Man Treasury has issued a notice confirming the extension of the temporary reduced VAT rate introduced in response to COVID-19 until 31 March 2021. Note that the UK extended the 5% reduced rate as well, which was confirmed in December 2020.

---

Extension to temporary VAT reduced rate

Wednesday, 20 January 2021

The Value Added Tax Act 1996 (Reduced Rate) (Amendment) Order 2020…

Continue Reading