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1. • • Non-cash vouchers, such as store vouchers, are covered by the trivial benefit exemption of £50 Only cash vouchers, such as postal orders, are taxable A cash voucher is a voucher that is exchangeable for cash Store vouchers do not meet this criteria. They are only exchangeable for goods.
     www.dataplanpayroll.co.uk/payrollblog/tax/what-is-a-non-cash-voucher-are-hmrc-paye-officers-always-right

     What is a non-cash voucher? Are HMRC PAYE officers always right?

2. People also ask

   Are Store Vouchers taxable?

   • Only cash vouchers, such as postal orders, are taxable A cash voucher is a voucher that is exchangeable for cash Store vouchers do not meet this criteria. They are only exchangeable for goods. As many employers give store vouchers to employees at Christmas, it is important that employers are aware of the difference and the tax consequences.

   What is a non-cash voucher? Are HMRC PAYE officers always right?

   www.dataplanpayroll.co.uk/payrollblog/tax/what-is-a-non-cash-voucher-are-hmrc-paye-officers-always-right

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   Are cash vouchers taxable?

   • So what is the definitive advice? Non-cash vouchers, such as store vouchers, are covered by the trivial benefit exemption of £50 Only cash vouchers, such as postal orders, are taxable A cash voucher is a voucher that is exchangeable for cash Store vouchers do not meet this criteria. They are only exchangeable for goods.

   What is a non-cash voucher? Are HMRC PAYE officers always right?

   www.dataplanpayroll.co.uk/payrollblog/tax/what-is-a-non-cash-voucher-are-hmrc-paye-officers-always-right

   See all results for this question

   How does a voucher affect VAT?

   • Vouchers fall into two main categories: credit vouchers and retail vouchers. If you are in receipt of any then it is wise to know how this affects the amount of VAT you are due to pay. A retailer voucher is one issued by a business which will either redeem it for goods or services, or will reimburse another trader who does so.

   How Vouchers Affect the Amount of VAT Due - Tax Insider

   www.taxinsider.co.uk/how-vouchers-affect-the-amount-of-vat-due-ta

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   What types of vouchers have different VAT liabilities?

   • Different types of vouchers have different VAT liabilities. Vouchers fall into two main categories: credit vouchers and retail vouchers. If you are in receipt of any then it is wise to know how this affects the amount of VAT you are due to pay.

   How Vouchers Affect the Amount of VAT Due - Tax Insider

   www.taxinsider.co.uk/how-vouchers-affect-the-amount-of-vat-due-ta

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   How will a new tax law affect vouchers?

   • This will simplify the rules for the tax treatment of vouchers, especially where they can be used either in the UK or more widely in the EU. This will prevent either non-taxation or double taxation of goods or services which relate to vouchers.

   VAT: treatment of vouchers from 1 January 2019 - GOV.UK

   www.gov.uk/government/publications/changes-to-the-vat-treatment-of-vouchers/vat-treatment-of-vouchers-from-1-january-2019

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   Can VAT be charged on a multi-purpose voucher?

   • Conversely, where either the place of supply or the applicable rate of VAT is unknown, such a voucher is a ‘multi‑purpose voucher’, and VAT is not chargeable on a multi-purpose voucher until it is finally redeemed for the actual provision of goods and services.

   The treatment of vouchers: when does VAT become payable?

   www.taxadvisermagazine.com/article/treatment-vouchers-when-does-vat-become-payable

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3. www.gov.uk › expenses-and-benefits-vouchersExpenses and benefits: vouchers: Overview - GOV.UK

   www.gov.uk › expenses-and-benefits-vouchers

   • Cached

   Overview. As an employer providing vouchers to your employees, you have certain tax, National Insurance or reporting obligations. What’s included. This includes vouchers that are:...

   • What to Report and Pay

     What to report and pay. What you have to report and pay to...

   • Technical Guidance

     Government activity Departments. Departments, agencies and...

   • Print Entire Guide

     We would like to show you a description here but the site...

4. www.gov.uk › expenses-and-benefits-vouchers › whatExpenses and benefits: vouchers - GOV.UK

   www.gov.uk › expenses-and-benefits-vouchers › what

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   • Vouchers exchangeable for cash
   • Vouchers exchangeable for goods and services only (non-cash vouchers)

   These vouchers count as earnings, so you’ll need to:

   •add their value to the employee’s other earnings

   See full list on gov.uk

   Exceptions

   There are some non-cash vouchers that you don’t need to deduct Class 1 National Insurance on. See a list of exempt vouchers. You’ll still need to report these vouchers using the same reporting method as other non-cash vouchers.

   See full list on gov.uk

5. www.gov.uk › government › publicationsVAT: treatment of vouchers from 1 January 2019 - GOV.UK

   www.gov.uk › government › publications

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   Jan 18, 2019 · Under current UK VAT legislation, the customer is deemed to be receiving 2 supplies: (1) a voucher; and (2) an underlying supply of goods or services. The measure makes it clear that for VAT...

   • Businesses such as retailers and distributors that are engaged in the buying, selling or redemption of vouchers.
   • The government’s objective is to ensure the amounts customers pay when using vouchers is better reflected in the tax base. We also wants to make im...
   • The EU Vouchers Directive (Council Directive (EU) 2016/1065) was agreed on 27 June 2016. This Directive amends the Principal VAT Directive (2006/11...
   • Operative dateThe measure will have effect for vouchers issued on or after 1 January 2019.Current lawCurrent law is included in Schedule 10A of the...
   • The measure will be kept under review through communication with representatives of affected businesses.
   • HMRC published further advice in VAT information sheet 09/18 on 30 November 2018.Contact VAT: general enquiries if you have any questions about thi...

6. smallbusiness.co.uk › how-to-give-workers-a-taxHow to give workers a tax free gift in four simple steps

   smallbusiness.co.uk › how-to-give-workers-a-tax

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   You don’t pay tax on benefits which have a value of £50 or less per employee. Pick a gift to buy. Cash and cash vouchers are not tax-exempt.

7. www.dataplanpayroll.co.uk › payrollblog › taxWhat is a non-cash voucher? Are HMRC PAYE officers always right?

   www.dataplanpayroll.co.uk › payrollblog › tax

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   Dec 10, 2018 · Non-cash vouchers, such as store vouchers, are covered by the trivial benefit exemption of £50. Only cash vouchers, such as postal orders, are taxable. A cash voucher is a voucher that is exchangeable for cash. Store vouchers do not meet this criteria. They are only exchangeable for goods.

8. www.taxadvisermagazine.com › article › treatmentThe treatment of vouchers: when does VAT become payable?

   www.taxadvisermagazine.com › article › treatment

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   May 25, 2023 · In the EC’s proposal for the new directive on the VAT treatment of vouchers, the distinction between single-purpose and multi-purpose vouchers ‘hinges on whether the information is available to tax on issue or whether, because their end-use is subject to choice, taxation has to await redemption’.

9. www.taxinsider.co.uk › how-vouchers-affect-theHow Vouchers Affect the Amount of VAT Due - Tax Insider

   www.taxinsider.co.uk › how-vouchers-affect-the

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   Vouchers fall into two main categories: credit vouchers and retail vouchers. If you are in receipt of any then it is wise to know how this affects the amount of VAT you are due to pay. A retailer voucher is one issued by a business which will either redeem it for goods or services, or will reimburse another trader who does so.