That's the card to play to treat prepaid telephone cards

The enormous growth in the use of mobile phones and, consequently, in sales of prepaid telephone cards, has led to an increased attention to the VAT rules applicable to such cards. Due to technological developments, prepaid telephone cards can also be used for other purposes and may, in some cases, even be considered to be general payment vehicles. In this article, the authors examine the VAT aspects of prepaid telephone cards and the way those cards should be treated for VAT purposes.