The above terms are used to denote evidence of entitlement to a reward, be it goods, services or a reduction in the price of goods or services. They are normally delivered together with the purchase of goods or services, but may be bought outright. For the purpose of this paragraph, they do not include face-value vouchers (which are covered in V3.167).
In this division, the expression 'coupon' will be used, except where the context otherwise requires.
Treatment from 1 October 1999
Before 1 October 1999, HMRC took the view that, where
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