Submitted on Tuesday 24th September 2013
Published on Wednesday 25th September 2013
Current status: Closed
Closed: Thursday 25th September 2014
Signatures: 11
Tagged with
gift cards
It is not uncommon for gift cards and gift vouchers to expire and the monies are retained by the company selling the voucher / card. Legislation is required so that vouchers and cards should be treated as cash and retain their monetary value, that is not inflation proofed, and be redeemable at any time for any item or service of equivalent value. If the company has gone into administration then holders of gift cards and vouchers should be treated as priority creditors ahead of tax debts, suppliers, etc.
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