9.5.2.9 What is an MPV?

Under Article 30a of the EU VAT Directive, an MPV is a voucher that is not an SPV. This means that it does have to meet all relevant requirements for being considered a voucher as such, meaning that it should qualify as an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services and where the goods or services to be supplied or the identities of their potential suppliers are either indicated on the instrument itself or in related documentation, including the terms and conditions of use of such instrument. However, the place of supply of the goods or services to which the voucher relates, or the VAT due on those goods or services, are not known at the time of issue of the voucher.