VAT: Treatment of vouchers

Key points:

• The EESC welcomes the endeavour to define the various forms of vouchers as precisely as possible and to do away with excessive administrative burdens in the distribution of multi-purpose vouchers.
• It is essential that Member States abide by common rules and remove various exemptions that distort competition and dilute the competitive environment.
• Another important issue involves possible problems with different tax exemption limits in individual Member States when vouchers are given for free, the lack of transitional provisions and the absence of rules to cover the non-redemption of single-purpose vouchers.