Energy Bills VAT January 2011

blackbearbosin

As standard Vat is being raised by 2.5 percent. Does this mean that, stealthily, the VAT on Utility Bills will now be 7.5 percent instead of 5 percent.

If this is the case EVERBODY is now a loser!!!!!! Even for true blue supporters surely this is a kilowatt too far.!!

savemoney

I seem to recall it with be 6%

Premier_2

savemoney wrote: »

I seem to recall it with be 6%

I believe that only relates to the lower level (which strangely is referred to as the standard rate, whilst the current 17.5% is referred to as the higher rate) of IPT (Insurance Premium Tax)

The Budget appears to make no change to the reduced rate of VAT (5%)
http://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/documents/digitalasset/dg_188581.pdf
(page 18, section 1.44)

specialsparky

Hi no change to energy VAT which will remain at 5% for Domestic Supplies

Hope this helps

blackbearbosin

Thanks for info. That means I can still have red meat once a month!!!