Advertisement

Manx consumers need to be savvy about VAT

by isleofman.com 28th November 2008
Manx consumers are going to have to be on their guard next week.

With a reduction of the VAT rate set to be introduced on Monday, the Office of Fair Trading is warning that businesses aren't obliged to pass on the saving.

The United Kingdom Chancellor announced a cut to 15 per cent earlier this week, in a bid to encourage spending.

But OFT Chief Officer Nick Black says the law in the Isle of Man doesn't require companies to cut their prices accordingly.

He says it's up to customers to check the prices and ask if there are any concerns.

Mr Black expects there will be some complaints over the next couple of weeks (audio file attached):
Posted by isleofman.com
Friday 28th, November 2008 08:10pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
19 Oct
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide