VAT news tagged as "Vouchers"

Czech Republic

Czech VAT 2019 update

February 27th, 2018

The following amendments to the Czech VAT have been proposed from January 2019: Adoption on new EU rules for the VAT treatment of vouchers. This includes the treatment of single use vouchers as being similar to advance payments with VAT due at payment. This contrast with multi-purpose vouchers, which may be potentially used at different stores …


France VAT unused vouchers

June 3rd, 2016

The French Council of State has endorsed the view that VAT is due on unused vouchers for B2C supplies. This backs a European Court of Justice ruling that VAT was due on Air France vouchers. The case concerned sales of cinema vouchers which entitled consumers to future cinema viewings. The cinema chain argued that no …

United Kingdom

UK VAT on free vouchers

December 20th, 2015

The UK’s Upper Tribunal court has ruled that output VAT is not due on free promotional vouchers at the time of their offering. The case concerned free retail vouchers given as a sale promotion by Associated Newspapers (AN) to help increase sales of its newspapers. The vouchers were purchased by AN from major retailers, including …

EU VAT on voucher disagreements

November 20th, 2015

The resolution of the harmonize treatment of Value Added Tax still alludes the European Union. The latest Latvian presidency failed to bring the member states together on a shared approach to VAT on vouchers. The principle issue of disagreement remains the definition of a voucher for VAT treatment. In addition, the member states cannot agree …


Discount vouchers do not escape EU VAT

November 13th, 2013

The EU has confirmed that paid-for discount vouchers on goods and services are not exempt from VAT. Discount Vouchers not a financial service for VAT Money-off discount vouchers provided for free have not price, and therefore no VAT due. However, face value discount vouchers have a value, and therefore VAT is potentially due. A number …