The VAT rate for food and attractions on Island will be reduced to 5% from next week.
Government has confirmed the new rate will come into effect from next Wednesday (July 15) until Tuesday, January 12, 2021.
The move is aimed at stimulating business in the Manx hospitality sector - the 5% rate already applies to accommodation on the Isle of Man.
It comes after announcements made by UK Chancellor the Exchequer, Rishi Sunak this afternoon and is in line with the Customs and Excise Agreement with the UK.
Officials add further details on what the VAT reduction will apply to will be issued in due course.
Manxman sailings in doubt from tomorrow
Car falls down steep bank on Mountain Road
Panic over - Mcdonald's reopens at 11am tomorrow
Police say beat it to cars illegally parked during MJ tribute act
No dedicated prostate cancer screening programme, despite over 1,200 referrals
Minister says GP waiting times have improved, but delays still impact A&E
Crash closes section of the Mountain Road
Island's prison nears full capacity
