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EU directive on VAT treatment of vouchers

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The Council of the EU has adopted an amendment to the VAT directive which provides, broadly, for VAT to be charged at the point of issue for single-purpose vouchers and on redemption for multi-purpose vouchers. These new rules will only apply to vouchers issued after 31 December 2018. The directive does not cover discount vouchers, in a departure from the Commission's 2012 proposals. 

Issue: 1315
Categories: News