Utility Warehouse and calculation on the Energy Bills.

ryking

I understand others have posted about this issue with VAT excluded calcualtions but I still don't understand the validity of the calculation on my Energy Bill from Utility Warehouse.

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 Specifically in the section tiltled "Keeping track of your budget plan".  In this section it works out my latest balance using the following calculation:

starting balance - net of VAT cost of fuel + net of VAT D/D payment = ending balance.

To me this doesn't seems right.  Balances of my debt (or credit) with UW do not have a VAT component.  So how can you mix VAT inclusive and VAT excluded items in the same calculation ?   If you put the VAT in then the result would be different.  If my fuel use was less than my payment I would win and if the fuel use was more than my payment they would win.  But it just seems wrong to do this.

superkoopauk

There have been many threads about this and all have confirmed UW's methodology is fine.  Everything in the budget plan section is ex VAT including the cost of fuel.  When the BP is reconciled you will receive the credit + VAT so everything will net off as you are paying VAT on your payments separately on your bill