Value Added Tax Act 1994 Schedule 10A para 2

Nature of supply

Schedule 10A paragraph 2 establishes how the issue and subsequent supply of face-value vouchers are classified for VAT purposes.

• The issue of a face-value voucher is treated as a supply of services for VAT purposes
• Any subsequent supply (i.e. onward sale or transfer) of a face-value voucher is also treated as a supply of services
• This classification applies regardless of the stage in the supply chain at which the voucher changes hands
• The treatment as a supply of services applies for all purposes under the Value Added Tax Act 1994