Value Added Tax Act 1994 section 51D

Postage stamps issued on or after 1 January 2019

Section 51D sets out the VAT treatment of postage stamps issued on or after 1 January 2019, treating them as a supply of services but largely disregarding the consideration unless it exceeds the stamp's face value.

• The issue of a postage stamp, and any subsequent transfer, is treated as a supply of services for VAT purposes.
• The consideration for issuing or transferring a postage stamp is disregarded for VAT purposes, except to the extent it exceeds the stamp's face value.
• The face value of a stamp is the amount stated on or recorded in the stamp, or in the terms and conditions governing its use.
• These rules apply to postage stamps issued on or after 1 January 2019.