The Isle of Man Government has expanded the temporary VAT zero-rate for energy-saving materials to include necessary preparatory work for the installation of ground source and water source heat pumps. This amendment aligns with the Customs and Excise Agreement 1979 to maintain consistency with the rules and procedures in the United Kingdom. The widened scope of the temporary zero-rate applies from 1 April 2022 to 31 March 2027.
Source Orbitax
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "United Kingdom"
- UK Supreme Court Rules VAT Applicable on Success Fees After Exit from VAT Group
- JPMorgan Chase Bank NA v HMRC: VAT Dispute on Intra-group Service Taxability, Appeal Dismissed
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
