Utility Warehouse electric bill

Mike1930

QrizB said:

Mike1930

superkoopauk said:

       

 Your charges this bill 

                Electricity budget plan   £82.86

                VAT @ 5%                       £4.14 

                Your payment this bill    £87.00

                                                                                                   October balance                             +£82.86 

                                                                                                   November total charges                  -£70.29 

                                                                                                   November budget plan payment    +£82.86 

                                                                                                        After payment you're in credit    +£95.43

                                                                                                                 Electricity usage charged    £52.01 

                                                                                    Standing charge 04-10-2024 to 31-10-2024    £18.28 

                                                                                                                    Total electricity charges    £70.29

As you can see I paid £87 but they deducted the £4.14 when they credited my account with £82.86 on the right instead of £87.

Say your account was ended now.  UW would give you back £95.43 + £4.77 VAT = £100.20
You had paid £87 * 2 = £174 minus the £100.20 credit = £73.80
And your energy usage is £70.29 + £3.51 VAT = £73.80

Hence you would have paid exactly for your usage and the process works.

So effectively they are charging you VAT against your payments but recording the balance ex VAT.  But when the balance is released VAT is added so you don't lose out

Thanks.  The figure you say UW would give me back of £95.43 + £4.77 VAT = £100.20 is as they informed me. 

The energy figure of £70.29 includes VAT of £3.94 which equals £66.94 net of VAT.  This means they debit the electric used including VAT but exclude the VAT in my £87 credits.

 Therefore I am still thinking the figures should be £87 * 2 = £174 minus the £70.29 used = £103.71 credit balance.

 Sorry if I have it wrong and appear thick.

Are you sure the £70.29 includes VAT?

Looking at your standing charge, you've been charged £18.28 for 28 days. £18.28 doesn't divide nicely by 28, but (18.28 x 1.05) does., giving 68.55p/day. This might mean the £18.28 is ex-VAT?

From my telephone call with UW the SC is 68.541p per day inc VAT or 65.277p per day exc.  The £18.28 includes VAT

QrizB

Mike1930 said:

QrizB said:

Are you sure the £70.29 includes VAT?

Looking at your standing charge, you've been charged £18.28 for 28 days. £18.28 doesn't divide nicely by 28, but (18.28 x 1.05) does., giving 68.55p/day. This might mean the £18.28 is ex-VAT?

From my telephone call with UW the SC is 68.541p per day inc VAT or 65.277p per day exc.  The £18.28 includes VAT

£18.28 is 28 times 62.277p. 28 times 68.541p is £19.19. So by those figures it excludes VAT.