BB/18A/98 Voucher books supplied with carsBusiness Brief, Issue 18. 11 September 1998Customs and Excise have become aware of a business promotion where books of vouchers (with a stated value of £300) are sold with a second-hand car. The book of vouchers is supplied on the basis that it contains face value vouchers which are covered by a specific VAT provision that allows tax to be accounted for when the vouchers are redeemed as opposed to when they are sold (VATA 1994 Sch 6 para 5). In this case it would mean that the amount subject to tax on the sale of the car is
Business Brief, Issue 18. 11 September 1998
Customs and Excise have become aware of a business promotion where books of vouchers (with a stated value of £300) are sold with a second-hand car. The book of vouchers is supplied on the basis that it contains face value vouchers which are covered by a specific VAT provision that allows tax to be accounted for when the vouchers are redeemed as opposed to when they are sold (VATA 1994 Sch 6 para 5). In this case it would mean that the amount subject to tax on the sale of the car is
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