In Romima Ltd & Ors [2019] TC 07494, the First-tier Tribunal (FTT) dismissed the substantive part of the taxpayers appeal concerning the treatment of transactions involving what were known as ‘Platinum Chips’. It held the Chips issued to customers in their clubs were single purpose vouchers and therefore, for vouchers issued on or after 10 May 2012, output tax was due on the whole consideration paid. A redemption fee charged to dancers was also found to be consideration for a taxable supply, but the redemption fee charged to employees was not.

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