Rights, options, and vouchers

(1) If a right or option is exercised, the consideration for the supply made on exercise of the right or option is limited to any additional consideration provided for the supply or in connection with the exercise of the right or option. (2) This section applies to a supply made on redemption of a face value voucher unless– (a) the Regulations provide otherwise; or (b) the supply made on redemption of the voucher is a taxable supply and the supply of the voucher was not a taxable supply.