Excerpt from the current ITB: There’s a difference in the VAT treatment of the 2 types of voucher: an SPV is subject to VAT only on each transfer of the voucher, whereas an MPV is subject to VAT only on redemption (I.e., the supply of the underlying goods or services). Stay informed and get the coverage you need from the international tax world, sign up for our 14-day free trial by emailing us at [email protected]. Or if you are interested in our subscription plans, please go to https://www.itbstevetowers.com/regist.... #ITB #internationaltax #itbtrailer #internationaltaxcase #ITC #ECJ #MGbrcase #VAT #singlepurposevoucher #SPV #multipurposevoucher #MPV #EU #VATdirective #voucher #prepaidcards #UK #digitalcontent #germany