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Help! Is Warm Home Discount rebate taxable
I just received my EDF dual fuel bill (May 2012) and i have been credited £114.29 Warm Home Discount Rebate for 2011/2012 in March. To my understanding this rebate is meant to be £120.00. So I phone EDF and there representative he told me that tax as been deducted from this. but as it been put on as a credit when this money taking off what i have used in electricity bill I will be paying 5% VAT again. anyone else had this problem or is this correct.. THANKS Jon
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Comments
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This is correct - the £5.71 remaining of the £120 is the VAT, as it is a credit however it has the effect of reducing the VAT you pay on this energy bill.0
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the bill amount is right - it's not that the payment is taxable but that it for your whole bill including tax, so as stated above 5.71 is put towards your VAT charges.I am an employee of British Gas but all views i write are personal and not a reflection of my employer.0
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There's more than one kind of tax :rotfl:Don't declare it on your self assessment form
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