As with a lot of golf clubs, in my club members are required to credit their cards with the club for a set amount, say £50 at the beginning of the year and that entitles them to a 10% discount on any future bar purchases. The £50 is depleted during the year as purchases are made and further top ups can be made up at any time.
Some advice has been sought on whether the crediting of the card should be treated as a Single Purpose Voucher with output VAT being due on receipt of the £50 by the club and they are waiting on an answer but I have also been asked for an opinion.
From VAT 700/7 Para 9.2 it states under "What is not a Voucher" that neither vouchers which are not transferrable nor discount vouchers are considered to be vouchers. I would consider that both of these apply to the Golf Club Card.
Does anyone have any experience of how the money credited to these cards should be treated?