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.
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.
