The Isle of Man Treasury has announced a reduction in the VAT rate on food and attractions to 5% from 15 July 2020 to 12 January 2021, in line with the UK. --- VAT reduction on food and attractions to stimulate business Wednesday, 8 July 2020 In order to stimulate business in the hospitality sector, the Isle of Man’s VAT rate on food and attractions will be reduced to 5% from Wednesday 15 July to Tuesday 12 January. Further details on what the VAT reduction will apply to will be issued shortly. This is in line with the Customs and...