business
Children's meals to be cheaper under VAT cut
Key takeaways
- Catherine Nicoll Isle of Man BBCThe cost of eating out for families is set to drop under the VAT change.
- 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.
Catherine Nicoll Isle of Man BBCThe cost of eating out for families is set to drop under the VAT change. The 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.
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