- VAT rate for certain drugs and medicines is temporarily changing from 20% to zero-rated
- Change in legislation is in effect from 9 October 2023 to 31 March 2027
- VAT treatment of medicines under patient group directions will be aligned with medicines dispensed under a prescription
- Patient group directions allow healthcare professionals to supply and administer drugs and medicines without a prescription
- Isle of Man Government has an agreement with the United Kingdom to align VAT and other indirect taxes.
Source: gov.im
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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