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SCHEDULES

[F1SCHEDULE 10AU.K.Face-value vouchers

Textual Amendments

F1Sch. 10A inserted (with application in accordance with Sch. 1 para. 4 of the amending Act) by Finance Act 2003 (c. 14), Sch. 1 para. 2

InterpretationU.K.

8(1)In this Schedule—U.K.

(2)For the purposes of this Schedule—

(a)the “rate categories” of supplies are—

(i)supplies chargeable at the rate in force under section 2(1) (standard rate),

(ii)supplies chargeable at the rate in force under section 29A (reduced rate),

(iii)zero-rated supplies, and

(iv)exempt supplies and other supplies that are not taxable supplies;

(b)the “non-standard rate categories” of supplies are those in sub-paragraphs (ii), (iii) and (iv) of paragraph (a) above;

(c)goods or services are in a particular rate category if a supply of those goods or services falls in that category.

(3)A reference in this Schedule to a voucher being used to obtain goods or services includes a reference to the case where it is used as part-payment for those goods or services.]