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
Coin Operated Gas Meters
Mar 12, 2010
7 Replies
Hi, Try
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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.
Is the same true of electricity out of interest?
Yes, although it came in later for electricity.
Full details:
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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.
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).
Oh sorry. Didn't know there was a VAT break for small commercial users.
Hi. My brother works for a developer so I don't know if his gaffer is a crook.
Arthur
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