Commentary

BB/6A/03 VAT—face value vouchers—further guidance

Part V16 Forms and other HMRC material

BB/6A/03 VAT—face value vouchers—further guidance

BB/6A/03 VAT—face value vouchers—further guidance

Business Brief, Issue 6. 24 June 2003

VAT Information Sheet 3/03 (Division V16.5), issued on 9 April 2003, gave guidance on the VAT treatment of face value vouchers (such as telephone cards and gift vouchers) following changes introduced in Budget 2003.

Business Brief 4/03, issued on 27 May 2003 (BB/4A/03, Division V16.3), provided further guidance on invoicing in respect of face value vouchers.

There is now a new VAT Information Sheet 8/03, which gives further guidance on all aspects of the VAT treatment of face value vouchers following changes introduced in Budget 2003. The changes, which took effect

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