Coin Operated Gas Meters

[Arthur 51]

Hiall. Had a call from my brother and he needs a single Coin op gas metter. Are these still available? Or have the EU banned them?

Thanks.

Arthur

[James Salisbury]

Hi, Try

[Andrew Gabriel]

Bare in mind it's illegal to resell gas for more than you paid for it unless you're a licenced gas supplier (UK law, not EU law). This was mainly to stop landlords profiting from energy supply to their tennents.

[John Rumm]

Is the same true of electricity out of interest?

[Andrew Gabriel]

Yes, although it came in later for electricity.

Full details:

note the VAT rate which can be passed on is fixed at 5%, regardless of how much VAT you paid on the fuel originally. So if you resell gas from commercial premises where you buy it at a VAT rate of 17.5%, then you will have to sell the gas for less than it costs you.

You can also split the standing charges at a pro-rata rate between all the users.

[fred]

In article , Andrew Gabriel writes

You had me worried there for a minute as my business supplier has been charging me 5% VAT since day one but I see that business users of small quantities of gas & elec have their supplies rated at 5% too, the limit is 4,397kWhr/mth gas, lower for elec at only 1,000kWhr/mth. (VAT Notice

701/19).

[Andrew Gabriel]

Oh sorry. Didn't know there was a VAT break for small commercial users.

[Arthur51]

Hi. My brother works for a developer so I don't know if his gaffer is a crook.

Arthur