The Isle of Man Gazette published the VAT (Repayment Interest) Order 2025, amending the VAT Act 1996. The order clarifies that no repayment interest will be charged on VAT refunds issued within 30 days from the later of the return filing, claim submission, or assessment notification. The order took effect on 6 November 2025.
The VATfaqs digest
Global VAT news, delivered Tuesday and Thursday. Free, curated from 50+ official sources, no spam.
No spam · Unsubscribe any time
BBC · about 2 months ago
The Isle of Man will lower VAT on children’s meals and family entertainment tickets from 20% to 5% between 25 June and 1 September 2026, easing costs for families. The change also applies to cinema, theatre, show tickets and attraction admissions. Additionally, red diesel duty will be cut from 10.18p to 6.48p per litre from 15 June 2026.
LinkedIn Article by e-Invoice.app · about 7 hours ago
Ireland's mandatory e-invoicing for large corporates starts 1 November 2028. Revenue has defined large corporates as those managed by its Large Corporates Division and established in Ireland. All Irish businesses must be able to receive structured e-invoices from that date.
B2BRouter · about 10 hours ago
Germany will require all B2B suppliers with turnover over €800,000 to issue structured electronic invoices from 1 January 2027, ending paper invoices by 1 January 2028. The mandate mandates compliance with EN 16931 and permits formats such as XRechnung, ZUGFeRD, and Peppol BIS Billing 3.0. Legacy EDI systems will fail validation unless bridged to these standards.
Energy Digital · about 11 hours ago
UK: New Prime Minister Andy Burnham will cut VAT on electricity bills from the start of October, exempting households in England, Scotland and Wales for six months. The measure will reduce average household bills by about £45 and cost the Treasury roughly £850m this financial year.
RTC Suite · about 21 hours ago
Slovakia will enforce mandatory domestic e-invoicing from 1 January 2027, based on the Peppol network. Businesses must prepare ERP integration, master data quality and compliance processes.
SoftCo · about 21 hours ago
France confirms the e-invoicing mandate will take effect on 1 September 2026. The soft-penalty window has been extended to 31 December 2026, and transitional guidance was issued on 11 July 2026 to assist late-compliant businesses.
Put your brand alongside trusted tax-tech intelligence across 150+ countries.
Key Takeaways
The order took effect on 6 November 2025.
The order states that no repayment interest will be charged on VAT refunds issued within 30 days from the later of the return filing, claim submission, or assessment notification.
Primary source
Read the full article at Bloomberg TaxThis summary was published on VATfaqs.com on 12 January 2026. It relates to VAT developments in Isle of Man. The original source is Bloomberg Tax.
