Face-value vouchers (FVVs)
Cases
Revised treatment of FVVs
Consideration
Amusement park
Disregarded for VAT purposes
Face value or sum actually received
Generally
Credit vouchers
Generally
Meaning
Treatment
Definition
Electronic
Exclusion/inclusion of consideration in daily gross takings
Face value, meaning
Generally
Introductory provisions
Leakage sold through intermediaries
Meaning
Money vouchers: security for money
Nature of supply
Part-payment for goods or services
Pass entitling purchaser to visit various London attractions
Payments made for outside scope items
Place of supply of right to service
Postage stamps, treatment
Rate categories
Retailer vouchers
Case law
Meaning
Treatment
Season books entitling purchasers entry to football matches
Security for payment
Single purpose
Generally
VAT due when vouchers issued
Single purpose vouchers
Changes to treatment of
Exclusion
Treatment of other kinds of vouchers
Value of supply
Vouchers supplied free with other goods or services