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Post Info TOPIC: VAT on Single-purpose vouchers / Multi-purpose vouchers


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Posts: 8
VAT on Single-purpose vouchers / Multi-purpose vouchers

We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of the same value or less at a later date as long as it is done within the 12 months validity on the voucher given at the point of purchase.

Recently being VAT registered, we are trying to bring down our VAT bills by using different VAT Schemes.

We are looking at using the Tour Operators Margin Scheme (TOMS) for the sale of hotels in Europe which means we are paying VAT only on the profit margin (sale price minus purchase price) of the hotel nights.

Aside from this I am wondering if the other experience packages which we sell would be applicable as single or multi-purpose vouchers and whether this gives us any additional VAT relief on the sale of these items as the purchaser is given an experience voucher.

I couldnt find much information online about the multi-purpose vouchers but I do understand the rules have changed recently.

I believe this could mean that you only pay VAT at the point the person redeems the voucher, and not at the point when the money is received from the customer.

I may be barking up the wrong tree if this is totally not applicable to us but Id like to hear more and happy to provide more information if it helps.

Thanks for your help and I look forward to the advice anyone can offer on this.


Master Book-keeper

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Posts: 8646

You have been told already, this is a forum for bookkeepers and Accountants, so we cannot answer your questions here.

So why do have you posted another two questions whilst completely ignoring the other posts.

Definitely barking up the wrong tree.



Winner of Bookkeeper of the Year 2015, 2016 & 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position


Status: Offline
Posts: 8

I am doing bookkeeping and accounts for my company and looking for advice on the above.
I don't think I am barking up the wrong tree and hope that someone on this forum can help with the query above.


Senior Member

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Posts: 359

Jpeterson85 wrote:

for my company .

We cannot help business owners.

You need to get an Accountant to help you. You have a lot of questions and going fundamentally wrong on several levels, so why would you jeapordise your business and involve yourself in lots of costs rather than pay for some professional advice that could save your business lot of money



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