Schedule 1 - VAT: Face-value vouchers
Finance Bill
9:45 am
Mr Stephen O'Brien (Eddisbury, Conservative)
I beg to move amendment No. 89, in
schedule 1, page 142, line 7, at end insert—
'(6) Where—
(a) a person who is not its issuer makes a supply of a facevalue voucher,
(b) that supply is chargeable by virtue of the previous provisions of this paragraph and is not an exempt supply by virtue of those provisions, and
(c) the consideration given by him for the voucher is by virtue of paragraph 4(2) not chargeable or not on its full amount,
that person shall be treated for the purposes of this Act as if the consideration given by him for the supply to him of the voucher, insofar as that consideration was not actually chargeable, included tax at the relevant rate.'.