On 7 August 2019, France amended its VAT legislation relating to its VAT treatment of vouchers by implementing the EU Vouchers Directive (Council Directive (EU) 2016/1065), which all EU Member States are required to transpose into their national law for the start of 2019.
This directive introduces rules for the harmonised VAT treatment of vouchers (coupons) in the EU. The new rules define both the notion and types of vouchers and identify the tax point and the tax base for the separate voucher types.
Importantly, the VAT treatment of a transaction depends on the nature of the voucher: a “single-purpose” voucher is taxed at the point of sale, whereas a “multi-purpose voucher” is taxed at the time of redemption.
For more information, please read our story on the new EU voucher rules.
If you would like further advice on these developments, please do get in touch to discuss how we can help you.