Redeemable Vouchers
Special rules apply to vouchers, tokens, stamps, coupons or similar articles that can be redeemed for other supplies up to a monetary value stated on the voucher. Typical examples include book vouchers or traditional phone cards.
Under these rules, the initial supply of the voucher is not a taxable supply, so no GST applies and no input tax credit can be claimed. However, GST applies if and when the voucher is redeemed and the relevant goods or services are supplied. This GST liability on the supplier will vary according to the GST status of those particular goods or services, in the normal way.
Our dedicated team can assist you with all your accounting and GST related matters. Complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.
Express Enquiry
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The Quinn Group operates Quinn Consultants, Quinn Lawyers, Quinn Financial Planning and Quinn Financial Solutions. The Quinn Group provides related information in regard to legal, accounting and financial planning issues. Liability limited by a scheme approved under Professional Standards Legislation* *other than for the acts or omissions of financial services licensees.