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Post Info TOPIC: Voucher
Silly Digits


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A client who is a chip shop has issued a gift voucher which has now been used by the customer.  How is this treated mainly for VAT purposes.  Is it included in turnover when the customer has used the voucher??



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semsley


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I would say it would be included in turnover when it was issued as that was when the sale took place.

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Shamus


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Hi,

in addition to Sheila's comment, for the full VAT rules on this subject refer to this page for guidance :

http://www.hmrc.gov.uk/vat/managing/charging/discounts-etc.htm

Shaun.



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Shaun

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Silly Digits


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Thanks for all your replies.

Sorry didn't explain very well.

The voucher is not really a gift voucher that was purchased for cash it was a gift eg for a raffle.

Have I got it right as it was a gift under £50 that no output tax is due.

Do I still include the value of goods in turnover?

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