The Isle of Man Treasury has announced a reduction in the VAT rate from 5% to 0% on domestic electricity supplies effective 1 October 2026, which follows the same reduction announced by the UK Government.
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VAT to be removed from domestic electricity supplies from 1 October 2026
The Treasury can confirm Isle of Man residents will benefit from a reduction in the VAT rate from 5% to 0% on domestic electricity supplies, announced today by the UK Government.
The change will come into eff…