SCHEDULES

F1SCHEDULE 10BVAT treatment of vouchers issued on or after 1 January 2019

Annotations:
Amendments (Textual)
F1

Sch. 10B inserted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 17 para. 5

Intermediaries

9

1

This paragraph applies where—

a

a voucher is issued or transferred by an agent who acts in their own name, and

b

the paragraph 3 supply is a supply of services to which section 47(3) would apply (apart from this paragraph).

2

Section 47(3) does not apply.

3

The paragraph 3 supply is treated as both a supply to the agent and a supply by the agent.