Multi-purpose voucher: VAT payable when used by the owner

From the qualification of the voucher as multipurpose it follows that the operation becomes relevant and the related VAT payable, not when the voucher is issued, but when it is used by the owner, at the indicated points of sale, for the purchase of the goods. This was underlined by the Revenue Agency with its response to ruling no. 147 of 3 March 2021. The multi-purpose voucher is considered as such if at the time of its issue the rules applicable for VAT purposes to the sale of goods or to the provision of services to which the voucher gives the right is not known.

Source: ipsoa.it

---

---