SCHEDULE 17 VAT Treatment of Vouchers
Finance Act 2019 (2019 c 1) | Legislation

SCHEDULE 17 VAT Treatment of Vouchers

Section 52

1

VATA 1994 is amended as follows.

2

In section 51B—

(a)     in the heading, at the end insert “issued before 1 January 2019”;

(b)     the existing text becomes subsection (1);

(c)     after that subsection insert—

“(2)     Schedule 10A does not have effect with respect to a face value voucher (within the meaning of that Schedule) issued on or after 1 January 2019.”

3

After section 51B insert—

“51C Vouchers issued on or after 1 January 2019

(1)     Schedule 10B makes provision about the VAT treatment of vouchers.

(2)     Schedule 10B has effect with respect to a voucher (within the meaning of that Schedule) issued on or after 1 January 2019.

51D Postage stamps issued on or after 1 January 2019

(1)     The issue of a postage stamp, and any subsequent transfer of it, is a supply of services for the purposes of this Act.

(2)     The consideration for the issue or subsequent transfer of a postage stamp is to be disregarded for the purposes of this Act, except to the extent (if any) that it exceeds the face value of the stamp.

(3)     The

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