The changes do not apply to discount vouchers or money-off tokens. Vouchers, in this context, are gift cards and gift tokens, with examples including simple book tokens, gift vouchers, and electronic vouchers purchased from specialist businesses. The measure does not apply to vouchers issued before 1 January 2019, for which existing rules will continue to apply. It affects only vouchers for which a payment has been made and which will be used to buy something. This measure introduces legislation providing for the VAT treatment of vouchers issued on or after 1 January 2019. The outcome of these negotiations will determine what arrangements apply in relation to EU legislation in future once the UK has left the EU. During this period the Government will continue to negotiate, implement and apply EU legislation. Until exit negotiations are concluded, the UK remains a full member of the European Union and all the rights and obligations of EU membership remain in force. On 23 June 2016, the EU referendum took place and the people of the United Kingdom voted to leave the European Union. ![]() This will prevent either non-taxation or double taxation of goods or services which relate to vouchers. ![]() ![]() This will simplify the rules for the tax treatment of vouchers, especially where they can be used either in the UK or more widely in the EU. The government will implement an EU Directive on the VAT treatment of vouchers in time for the required date of 1 January 2019. Businesses such as retailers and distributors that are engaged in the buying, selling or redemption of vouchers.
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