Children's meals to be cheaper under VAT cut
The Isle of Man is reducing VAT on children's meals and family activities to help ease the cost of living for families. This tax cut will be in effect from June 25 to September 1, lowering the VAT from 20% to 5%. Additionally, there will be a significant reduction in fuel duty to support local farming and fishing industries.
- ▪The VAT on children's meals will be reduced from 20% to 5% from June 25 to September 1.
- ▪The VAT cut will also apply to family tickets for cinemas, theatres, and attractions.
- ▪Fuel duty will be cut by about a third to support the farming and fishing industries.
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Children's meals to be cheaper under VAT cutJust nowShareSaveAdd as preferred on GoogleCatherine NicollIsle of ManBBCThe cost of eating out for families is set to drop under the VAT changeThe price of children's meals in Isle of Man restaurants is set to come down in a bid to ease the cost of living on families thanks to a new reduction in VAT on some items.Families settling their bills will see a discount between 25 June and 1 September as the tax is lowered from 20% to 5% over that period.The cut will also apply to family tickets to cinemas, theatres and shows, as well as admission to attractions.The reduction mirrors measures announced in the UK to ease cost-of-living pressures, and is coupled with a continued freeze on fuel duty until 31 December.Treasury Minister Chris Thomas said it…
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