Isle of Man Treasury Announces Expansion of Temporary Zero-Rate VAT for Energy-Saving Materials

The Isle of Man Treasury Department Feb. 7 announced measures to expand the scope of the temporary zero-rate VAT for energy-saving materials and amend related provisions under the VAT Act 1996. The announcement mentions that: 1) the temporary zero-rate VAT has been extended to cover the installation of energy-saving materials in buildings used exclusively for charitable purposes, such as village halls or local recreational facilities; 2) the definition of “installing energy-saving materials” has been broadened to include essential preparatory work for ground source and water source heat pump installations; 3) the temporary zero-rate VAT for energy-saving materials applies from April ...