Value Added Tax Act 1994 section 51C

Vouchers issued on or after 1 January 2019

Section 51C introduces the VAT treatment rules for vouchers issued on or after 1 January 2019, directing readers to Schedule 10B for the detailed provisions.

• Schedule 10B contains the detailed rules on how VAT applies to vouchers.
• These rules apply only to vouchers issued on or after 1 January 2019.
• The definition of what constitutes a "voucher" is set out within Schedule 10B itself.
• Vouchers issued before 1 January 2019 are not covered by these provisions and fall under earlier rules.