The Department for Enterprise will issue full refunds for all official tickets for this year's TT.
It comes following the news the Island's 2020 TT will no longer go ahead.
The Council of Ministers has taken the decision to cancel the 2020 Isle of Man TT Races which were due to take place between 30th May and 13th June.
The decision has been taken following confirmation the Island has stepped up its measures to protect the population against the pandemic.
The Department for Enterprise says it will "in due course, issue full refunds for all Official Tickets including grandstand tickets, hospitality packages and other Official Event Experiences purchased through iomttraces.com."