Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • phozy888
    • By phozy888 12th Apr 18, 11:24 PM
    • 6Posts
    • 16Thanks
    phozy888
    VAT charge on Energy bill
    • #1
    • 12th Apr 18, 11:24 PM
    VAT charge on Energy bill 12th Apr 18 at 11:24 PM
    Hi Guys,

    wanted some advice if possible. My electric rates are here : single rate & London

    cooperativeenergy.coop/siteassets/tariffsproducts/my-co-op-single-elect-may-19/my_co-op_lite_single_elec_may_19.pdf

    The rates state VAT is included however on my bill im charged 5% VAT. Should I be paying this if my rates include VAT already ?

    Thanks
Page 1
    • D_M_E
    • By D_M_E 12th Apr 18, 11:52 PM
    • 1,823 Posts
    • 64,919 Thanks
    D_M_E
    • #2
    • 12th Apr 18, 11:52 PM
    • #2
    • 12th Apr 18, 11:52 PM
    Look at the rates on the link then look at the rates on your bill.

    They should be different - the rates on the link you posted will be inclusive of VAT and the rates on the bill will be without VAT and will be lower - suppliers (or most of them) add the VAT as a final calculation when the rest of the bill has been done.
    • wavelets
    • By wavelets 13th Apr 18, 12:00 AM
    • 263 Posts
    • 107 Thanks
    wavelets
    • #3
    • 13th Apr 18, 12:00 AM
    • #3
    • 13th Apr 18, 12:00 AM
    Yes, unfortunately VAT on domestic fuel supplies is indeed currently 5%

    You can thank the Tories for that!

    In fact, they introduced it at 8% and were hoping the following year to raise it to the standard vate (currently 20%)

    Fortunately the Tories were defeated in this attempt, and almost as soon as Labour got in a couple of years later, they reduced it to the legal minimum of 5% where it has remained ever since.

    Once we complete Brexit, we should no longer be constrained by the 5% legal minimum, and so the rate could, in theory, be reduced back to 0% by the government

    Perhaps remember this come the next General Election?.
    • frugalmacdugal
    • By frugalmacdugal 13th Apr 18, 6:34 AM
    • 6,343 Posts
    • 5,467 Thanks
    frugalmacdugal
    • #4
    • 13th Apr 18, 6:34 AM
    • #4
    • 13th Apr 18, 6:34 AM
    Hi,

    in your link the single rate & London is 11.56p incl vat.

    So, without vat that will be 11.01p, which should be on your bill.
    Y'all take care now.
    • phozy888
    • By phozy888 4th May 18, 8:36 AM
    • 6 Posts
    • 16 Thanks
    phozy888
    • #5
    • 4th May 18, 8:36 AM
    • #5
    • 4th May 18, 8:36 AM
    The pence per KW on my bill ex vat is more then their listed price in vat, but the daily standing charge looks ok at 26.093 + 5% vat = 27.397

    so 1kw price should be 10.98 ex vat

    Im just double checking before I call them up

    My BIll::

    Electric Charges
    My Co-op Lite Single Elec May 19
    Electricity Unit Charge 1,080 at 0.1184 per kWh 127.87
    Electricity Standing Charge 110 at 0.26093 per day 28.70
    Total cost of Electric used: 127.87
    Total cost of Standing Charge: 28.70
    Total cost of electricity supplied (excluding VAT) 156.57
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,276Posts Today

7,022Users online

Martin's Twitter