Minister collecting business views before deciding on limits for gift voucher fees
Any businesses that issue gift vouchers should be aware that the Department of Business, Enterprise and Innovation is looking for submissions from consumers and businesses on gift voucher fees.
The consultation is open until 31 August and covers:
- Inactive balance/dormancy fees
- Issuance fees
- Replacement fees
Based on the outcome of the consultation, Minister Humphreys will make a decision on whether to regulate gift voucher fees and what limits to introduce. This follows the Minister’s proposal of a minimum five-year term for gift vouchers, on which views are also being collected as part of this consultation.
More information as well as the consultation questionnaire can be found here.
All businesses that issue gift vouchers are encouraged to complete the relevant parts of the questionnaire individually.
Members may also input into the SFA response by emailing firstname.lastname@example.org by 24 August.