- Recent case of Go City Ltd v. HMRC examined VAT implications of multi-purpose vouchers
- Focus on tourist passes like “London Pass” and “London Explorer Pass”
- Issue of classification as standard-rated sightseeing packages or multi-purpose vouchers
- Tribunal ruled in favor of Go City Ltd, determining passes as multi-purpose vouchers
- HMRC’s approach to issuing protective assessments criticized by Tribunal
- Importance for businesses to consider VAT implications of vouchers design
- Getting classification right can save costs and legal challenges
- Expert advice recommended for businesses selling vouchers with different VAT rates.
Source: mha.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
