Why are people so disparaging about IHDs?

born_again

I think this thread sums up why...

https://forums.moneysavingexpert.com/discussion/6444028/incredible-price-hike-how-can-they-do-this/p3

debitcardmayhem

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

RG2015

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

debitcardmayhem

RG2015 said:

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

Who knows where the treasury will go next

Swipe

Sea_Shell said:

Well, after nearly 2 weeks on the default tariff and no change to our Eon (Chameleon) IHD, I tried a reboot, by turning it off and then taking it to the meter cabinet and switching it back on.  I also left it in the cabinet for about 15 mins.

Came back and....no change ☹️

Maybe it needs overnight?

I'd call Eon and ask them to raise a request with the smart meter team to push out your default tariff info to your meter

RG2015

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

Who knows where the treasury will go next

There would be mass rebellion if they increased the 5% retail energy VAT rate. 

debitcardmayhem

RG2015 said:

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

Who knows where the treasury will go next

There would be mass rebellion if they increased the 5% retail energy VAT rate. 

Who  said increase? 2.5% would get a lame duck government a lot of votes

RG2015

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

Who knows where the treasury will go next

There would be mass rebellion if they increased the 5% retail energy VAT rate. 

Who  said increase? 2.5% would get a lame duck government a lot of votes

Reducing taxes hadn't even entered my mind.

Is that even a thing now? 

RG2015

born_again said:

I think this thread sums up why...

https://forums.moneysavingexpert.com/discussion/6444028/incredible-price-hike-how-can-they-do-this/p3

Just skimmed through the thread and there does appear to be some misunderstanding about the topic.

That said there are clearly some shocking limitations in the accuracy of some people's IHDs.

I guess that I am just lucky with mine. 

Gerry1

RG2015 said:

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

RG2015 said:

debitcardmayhem said:

Another reason is do they ,if the rate is correct on the meters, include the VAT rate of the day

For me, yes, VAT is included, and contrary to many here, my IHD has always been correct on usage (kWh) and cost including usage, standing charge and VAT at 5%.

Not sure what you mean by VAT rate of the day though. 

Who knows where the treasury will go next

There would be mass rebellion if they increased the 5% retail energy VAT rate. 

Who  said increase? 2.5% would get a lame duck government a lot of votes

Reducing taxes hadn't even entered my mind.

Is that even a thing now? 

It certainly was in 2016...

https://www.thesun.co.uk/news/17261401/did-boris-johnson-take-us-for-fuels-vat-lie/