VBANDG13050 | Machine games: treatment of tokens and prizes awarded from machines: general position of tokens

Tokens are generally available in two formats: replayable and non-replayable tokens. The latter are not widely available.

Where prizes are paid in tokens that can be exchanged for cash then such tokens are to be treated as cash. Typically, the machine game will be exempt from VAT.

Where the prizes awarded are tokens that cannot be exchanged for cash then the tokens are treated as non-cash prizes.