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World VAT/GST News

World VAT/GST News August 2020

By August 24, 2020July 10th, 2021No Comments

Isle of Man: In order to mitigate the effects of the Covid-19 pandemic, it has been announced by the government that, as from 15 July 2020, the 5% VAT rate is applied to hospitality industry…

Isle of Man

In order to mitigate the effects of the Covid-19 pandemic, it has been announced by the government that, as from 15 July 2020, the 5% VAT rate is applied to hospitality industry, holiday accommodation and admission charges to attractions. In this context, on 9 July 2020, the Treasury issued a guidance providing additional information on this temporary reduced VAT rate.

All the above is subject to change at short notice so please check with Ryan VAT Systems for more details.

 

The above information was kindly provided by Ryan VAT Systems (France), www.vatsystems.eu; contact: news@vatsystems.eu.