Value Added Tax Act 1994 section 51B

Face-value vouchers issued before 1 January 2019

Section 51B introduces Schedule 10A to the Value Added Tax Act 1994, which sets out the VAT rules applying to face-value vouchers issued before 1 January 2019.

• Schedule 10A contains the detailed VAT rules for face-value vouchers
• These rules apply only to face-value vouchers issued before 1 January 2019
• Face-value vouchers issued on or after 1 January 2019 are excluded from Schedule 10A and fall under a different VAT regime
• The definition of a face-value voucher is set out within Schedule 10A itself