The Isle of Man will lower VAT on children’s meals and family entertainment tickets from 20% to 5% between 25 June and 1 September 2026, easing costs for families. The change also applies to cinema, theatre, show tickets and attraction admissions. Additionally, red diesel duty will be cut from 10.18p to 6.48p per litre from 15 June 2026.
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Bloomberg Tax · 6 months ago
The Isle of Man Gazette published the VAT (Repayment Interest) Order 2025, amending the VAT Act 1996. The order clarifies that no repayment interest will be charged on VAT refunds issued within 30 days from the later of the return filing, claim submission, or assessment notification. The order took effect on 6 November 2025.
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Sharedserviceslink · 1 day ago
Romania has ended the grace period for small taxpayers in its B2B e-invoicing programme, effective 1 July 2026. From this date, ANAF can enforce the e-Factura requirements and impose penalties for non-compliance, requiring all domestic B2B invoices to be submitted within five working days.
Key Takeaways
It starts on 25 June 2026 and ends on 1 September 2026, lowering the rate from 20% to 5%.
Family tickets to cinemas, theatres, shows and attraction admissions are also reduced from 20% to 5% between 25 June and 1 September 2026.
The duty falls from 10.18p to 6.48p per litre, a reduction of about one third.
Primary source
Read the full article at BBCThis summary was published on VATfaqs.com on 27 May 2026. It relates to VAT developments in Isle of Man. The original source is BBC.
