Given the short period during which the value added tax (VAT) rules on vouchers have been applied and the limited data available to carry out the assessment, the European Commission, in its report published on Tuesday 23 July, said it believes that any proposal to amend the current rules would be premature.
Applied from 1 January 2019, these rules aim to simplify, modernise and harmonise the VAT rules applicable to vouchers, particularly in order to “ensure certain and uniform...