Is it worth spending again hours to claim €21.6?
No, life's too short. The stress that it will cause you and your own time are worth more than €21.60.
do you get a physical refund as in money transferred to you bank or have they put a credit on your account? - If a credit on your account it probably is credited before vat calculation.
EG, new bill usage €400, less €200 refund, balance €200, then vat added to give balance €218. (if refund was not given, balance would be €436 - so vat is effectively credited)
If they simply provided a "goodwill gesture" then VAT does not apply to that.
Forget the vat - it is a fixed calculation. Only look at the ex vat figures. The vat will automatically look after itself.Hi Peemac,
Indeed, they put a credit in my account before vat calculation for the next bill.
"EG, new bill usage €400, less €200 refund, balance €200, then vat added to give balance €218. (if refund was not given, balance would be €436 - so vat is effectively credited)"
=> I agree with this approach as long as we consider that discount rate is the same for the previous and new bills.
In my case, VAT was overcharged (discount of 10% applied rather than 26%) in the previous bill. VAT is indeed credited in the new bill but with a discount of 10%.
As mentioned in my 1st post, I am not claiming a full VAT refund but only partial VAT one, ie the 16% discount difference => total electricity x VAT rate x discount difference rate = €1500 x 9% x (26%-10%) = €21.6
Hi Peemac,Forget the vat - it is a fixed calculation. Only look at the ex vat figures. The vat will automatically look after itself.
You' probably need to post exact figures to get an answer as hypothetical figures usually mask an easy explanation.
Also remember that the discount is on the electricity units only - not on the standing charge.
But try this
Number of units multiplied by the unit cost ex vat = xxx. Deduct 10% of xxx = yyy
Then number of units multiplied by the unit cost ex vat = xxx Deduct 26% = zzz
zzz less yyy = the overcharge excluding vat.
Maybe you need to wait until the next bill to see if the vat gets calculated as if they put a €240 credit and it is incl, they would have it showing as a 220.18 credit (240 inc vat)
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