For single-purpose vouchers or gift cards, VAT can be reclaimed with a VAT invoice at the time of purchase. This is because these vouchers are sold with the understanding that the only purchases the voucher holder can make are subject to a single VAT rate.

However, for multi-purpose vouchers or gift cards, VAT cannot be reclaimed at the time of purchase due to the potential application of different VAT rates on the items or services that may be acquired. Instead, VAT becomes reclaimable upon the redemption of the voucher, provided the items or services purchased are subject to the standard rate of VAT.