Article 19 - Issue or Supply of a Voucher

1) Where a person issues or Supplies a Voucher, this is not considered to be a Supply for the purposes of the Law, subject to the second paragraph of this article.

2) The Supply of a face value Voucher is a Supply of services to the extent that the Consideration provided in respect of the issue or Supply of the Voucher exceeds its monetary face value.

3) In this article, a Voucher is an instrument where there is an obligation to accept it as Consideration or part Consideration for a Supply of Goods or services, and where the nature of the Goods or services to be supplied or the identity of the Supplier is indicated on the Voucher or in related documentation.

4) A face value Voucher is a Voucher which is issued with a specific monetary redemption value indicated on the Voucher or in related documentation.