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Europe Daily Bulletin No. 10613

12 May 2012
ECONOMY - FINANCE / (ae) taxation
New VAT rules for prepaid vouchers and cards in 2015

Brussels, 11/05/2012 (Agence Europe) - On Thursday 10 May, the European Commission unveiled planned changes to the VAT system to introduce a uniform system in 2015 for all categories of payment cards and vouchers across the EU. Vouchers is an expanding market, worth more than €52 billion a year, around 70% of which is prepaid telephone cards, followed by gift vouchers and discount vouchers, for which companies have to deal with a range of different national VAT systems. The variety of...

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