SCHEDULES
F1SCHEDULE 10AFace-value vouchers F2issued before 1 January 2019
Words in Sch. 10A heading inserted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 17 para. 4
Treatment of other kinds of face-value voucher
6
1
This paragraph applies to a face-value voucher that is not a credit voucher, a retailer voucher or a postage stamp.
2
A supply of such a voucher is chargeable at the rate in force under section 2(1) (standard rate) except where sub-paragraph (3), (4) or (5) below applies.
3
Where the voucher is one that can only be used to obtain goods or services in one particular non-standard rate category, the supply of the voucher falls in that category.
4
Where the voucher is used to obtain goods or services all of which fall in one particular non-standard rate category, the supply of the voucher falls in that category.
5
Where the voucher is used to obtain goods or services in a number of different rate categories—
a
the supply of the voucher shall be treated as that many different supplies, each falling in the category in question, and
b
the value of each of those supplies shall be determined on a just and reasonable basis.
Sch. 10A inserted (with application in accordance with Sch. 1 para. 4 of the amending Act) by Finance Act 2003 (c. 14), Sch. 1 para. 2