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Policy for releasing to P&L a/c unredeemed gift vouchers

je551e · 2014-09-30 11:50:29

Hi all Would anyone know whats the best policy for releasing to the profit and loss account unredeemed gift vouchers that have passed their expiry date? What about accounting for VAT? There's no VAT when the Voucher is sold , vat is only accountable on the redemption of the voucher? Any help much appreciated.

30-09-2014 11:50am

#1

je551e

Registered Users, Registered Users 2 Posts: 441 ✭✭

Join Date: December 2013

Posts: 422

Hi all

Would anyone know whats the best policy for releasing to the profit and loss account unredeemed gift vouchers that have passed their expiry date? What about accounting for VAT? There's no VAT when the Voucher is sold , vat is only accountable on the redemption of the voucher?

Any help much appreciated.

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