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Energy costs for small company
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gorgeousme
Posts: 70 Forumite



I run a small company from home and I am worried about the high energy bills in the next year or two. The current £6 per week is rubbish and doesn’t even make a dent on the actual bill. I loath the thought of putting together a complicated formula based on working hours and the number of rooms for a more accurate sum.
I would like to hear from anyone who is running their own company ( not sole trader or partnership) at home and what you are planning to do re energy costs in the near future.
I would like to hear from anyone who is running their own company ( not sole trader or partnership) at home and what you are planning to do re energy costs in the near future.
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Comments
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What sort of company? If you are running it from home, you would be better off on your domestic tariff. VAT at 5%, not 20%.
Do you already have separate metering for the business?No free lunch, and no free laptop0 -
Office based business from home so no separate meter.0
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So why don't you just agree with your accountant on allocating a percentage proportion of your domestic utility bills (energy, water, telcoms etc) to your business? There must be millions of small businesses who do it this way. I appreciate that the reporting system is more onerous for a ltd company than a sole trader, but once you've got a percentage agreed it's simple enough, then you just log the monthly amount and calculate the allocation.
What do you mean by 'the current £6' a week? that suggests that this is what you are already doing and you just need to increase the rate to a realistic one.No free lunch, and no free laptop0
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