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:
Sidecar competitor confident the class will return to the TT in 2027
Stephen Kershaw is part of the competitors' panel
Ramsey Swing Bridge 'a key line' for businesses
It's closed for essential repair works
Protecting farmers from impact of climate change 'a no brainer'
DEFA minister says recent conditions aren't favourable for Manx crops
Dogs to be allowed on Douglas Beach year-round as part of council trial
Councillor Natalie Byron-Teare says Glen Falcon will also be opened
