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Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
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102.—Section 10 of the Principal Act is amended—
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(a) by substituting in subsection (6) “Subject to subsection (6A), where” for “Where”,
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(b) by inserting the following after subsection (6):
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“(6A) Notwithstanding the provisions of subsection (6), where—
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(a) a supplier—
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(i) supplies a token, stamp, coupon or voucher, which has an amount stated on it, to a person who acquires it in the course or furtherance of business with a view to resale, and
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(ii) promises to subsequently accept that token, stamp, coupon or voucher at its face value in full or part payment of the price of goods,
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and
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(b) a person who acquires that token, stamp, coupon or voucher, whether from the supplier referred to in paragraph (a) or from any other person in the course or furtherance of business, supplies it for consideration in the course or furtherance of business,
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then in the case of each such supply the consideration received shall not be disregarded for the purposes of this Act and when such token, stamp, coupon or voucher is used in payment or part payment of the price of goods, the face value of it shall, for the purposes of section 10(2), be disregarded.”,
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and
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(c) in subsection (7)(c) by inserting “(6A) or” after “subject to subsection”.
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