Isle of Man: The Treasury announced a VAT rate reduction on domestic electricity supplies for specified taxpayers, effective from 1 October 2026. The reduction drops the rate from 5% to 0% for residential care homes and small businesses with average monthly consumption below 1,000 kWh that are not VAT registered. The public utility provider will apply the new rate to eligible supplies, reflected on customer bills from 1 October 2026.
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BBC · about 2 months ago
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.
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.
Bloomberg Tax · about 2 hours ago
Czech Republic: The Tax Agency has issued updated guidance on the VAT treatment of free supply of goods. The guidance clarifies that VAT applies to free supplies based on original purchase price if input VAT was deducted, and sets rules for unpurchased items and unsaleable inventory.
Bloomberg Tax · about 17 hours ago
Poland's Prime Minister announced that the Council of Ministers adopted a bill to amend the VAT Act, introducing automatic verification of VAT status, mandatory electronic filing of import declarations, and expanded documentation for zero-rate exports. The measures aim to streamline import and export procedures and align Poland with updated EU rules on consignments.
1stopVAT · about 24 hours ago
France: From 1 January 2026, domestic businesses can qualify for VAT exemption if their previous year turnover is below EUR 85,000 for commercial and accommodation activities, EUR 37,500 for services and liberal professions. If turnover exceeds these thresholds, the exemption can still apply until the end of the calendar year provided it does not exceed the increased thresholds of EUR 93,500 and EUR 41,250 respectively.
SRN News · 1 day ago
Hungary will scrap a 5% VAT on subscription drugs from 1 September 2026, costing the budget 7 billion forints. The move is part of a broader plan to reduce VAT on wood for heating and healthy foodstuffs.
Key Takeaways
As of 1 October 2026, the Isle of Man Treasury will reduce the VAT rate on domestic electricity supplies for residential care homes to 0%.
Small businesses in the Isle of Man with an average monthly electricity consumption below 1,000 kWh that are not VAT registered will receive a 0% VAT rate on domestic electricity supplies from 1 October 2026.
The public utility services provider will apply the 0% VAT rate to eligible electricity supplies from 1 October 2026, and the change will be reflected on customer bills.
Primary source
Read the full article at Bloomberg TaxThis summary was published on VATfaqs.com on 25 July 2026. It relates to VAT developments in Isle of Man. The original source is Bloomberg Tax.
