‘Voucher rules need revision’ (From Herald Series)
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‘Voucher rules need revision’
11:10am Friday 18th January 2013 in News
The Government should reconsider rules on gift vouchers after customers were left out of pocket by the collapse of HMV, Banbury MP Sir Tony Baldry has said.
The Conservative said the firm’s refusal to honour vouchers after it called in administrators is “more than unfair”.
In a letter to Government minister Jo Swinson, Sir Tony said customers are “at the back of the queue”
behind creditors like banks, and voucher cash should go in a separate account.
Andrew:Oxford says...
11:20am Fri 18 Jan 13
Legislation should also include rules on expiry of value deposited on cards. I suspect that they would not have a the very short "24 month dormancy clause" if dormant deposits (just like bank accounts) went to the treasury rather than to profit.