30 July 2018
The UK tax authorities have published a proposal for a change in the Value Added Tax (VAT) treatment of vouchers. This will affect retailers with promotional or loyalty programs and if accepted the new legislation will be introduced from 1 January 2019.
The UK proposal follows the EU Voucher Directive which will take effect from 1 January 2019 and will harmonise the VAT treatment of vouchers across the EU. Our previous article from July 2016 gives further explanation of how this will work.
Find out more about VAT in United Kingdom