VAT will change on 1.1.2019
VAT of vouchers has been changed on 1.1.2019 due to EU directive and law. In this case the voucher is meaning both vouchers and card solutions. The reason for the change is to have similar guidelines for voucher treatment in VAT point of view.
Due to the change, VAT 24% is added to service commissions, card prices and other fees from 1.1.2019. VAT is not added to values loaded to cards or voucher face values.
For the loads that will be loaded on the cards on or after 1.1.2019, VAT 24% will be applied for service charge and invoiced separately in a beginning of the year 2019.
Change does not affect our merchant clients.
More information in Finnish can be found from the pages of Finnish Tax Authority.
What services or products the VAT 24% will be applied?
VAT will be added to delivery and handling fees, service and return fees, paper invoice charge fees, card fees and other fees according to Edenred’s price list.
Will the VAT 24% be added to the actual face value of the vouchers or the balance that is loaded to the card accounts?
No. The VAT is added to the service charges and card prices.