On 19 October 2023, the Barbados Revenue Authority issued Policy Note 007/2023, which concerns an extension of the temporary reduction in the VAT rate on electricity supplies to households. Initially applied from 1 August 2022, the reduction in the VAT rate has been extended until 31 March 2024. --- Value Added Tax on the Supply of Electricity The Minister in the Ministry of Finance, Economic Affairs and Investment, during the Ministerial Statement on Energy and the Cost of Living on July 19, 2022 announced that the rate of Value Added Tax ("VAT") on supply of electricity would be reduced from...