Commentary

V3.118 Trading stamps, discount vouchers, points, coupons and tokens

Part V3 Supplies, acquisitions and imports

V3.118 Trading stamps, discount vouchers, points, coupons and tokens

V3.118 Trading stamps, discount vouchers, points, coupons and tokens

The above terms are used to denote evidence of entitlement to a reward, be it goods, services, or a reduction in the price of goods or services. They are normally delivered together with the purchase of goods or services, but may be purchased outright. For the purpose of this article, they do not include face-value vouchers (for which see V3.167).

In this article, the expression 'coupon' will be used, except where the context otherwise requires.

Treatment from 1 October 1999

Prior to 1 October 1999, HMRC took the view that where a person

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