French General Tax Code
In force1. Each transfer of a single-use voucher by a taxable person acting in his own name shall be regarded as a supply of the goods or services to which the voucher relates. The physical handing over of goods or the actual provision of services in exchange for a single-use voucher accepted in full or in part by the supplier shall not be regarded as a separate transaction.
Where the supplier of goods or services is a taxable person acting on his own behalf, each transfer of a single-use voucher shall be regarded as a supply of goods or a provision of services to which the voucher relates.
Where the supplier of goods or services is not the taxable person who, in his own name, issued the single-use voucher, that supplier shall nevertheless be deemed to have supplied that taxable person with the goods or services in connection with that voucher.
The single-use voucher shall not be considered as a separate transaction.
2. The physical delivery of goods or the actual provision of services in exchange for a multi-purpose voucher accepted in total or partial consideration by the supplier or service provider is subject to value added tax. Any previous transfer of such a multi-purpose voucher is not subject to value added tax as such.
3. For the purposes of this chapter:
b) A single-use voucher is considered to be a voucher within the meaning of a) for which the place of delivery of the goods or provision of the services to which the voucher relates and the value added tax due on these goods or services are known at the time the voucher is issued;
c) A multi-purpose voucher is deemed to be a voucher within the meaning of a other than a single-purpose voucher.
