![]() ![]() ![]() installation or replacement of lines and switchgear belonging to the electricity supplier.installation by a supplier of liquefied petroleum gas of a bulk gas tank regarded as essential to the supply of liquefied petroleum gas.disconnection and re-connection of the supply and special meter readings at the instigation of the supplier.If the supply is for qualifying use (read section 3) the reduced rate applies to: inseparable from a supply of fuel or power to that consumer.made by a person who supplies the fuel and power to the consumer, up to and including the meter. ![]() The charges listed here are part of the payment for a supply of fuel and power, provided they are: fuel and power partly for qualifying use and partly for other purposes, where 60% or more of the supply is for qualifying use (read paragraph 3.4).fuel and power where the amount supplied does not exceed the small quantities, called the de minimis limits (read section 3 to section 7 of this guidance for the limits on each type of fuel).fuel and power for charity non-business use (read paragraph 3.3).fuel and power for domestic use (read paragraph 3.2).The following supplies are considered qualifying use: Section 3 explains what qualifying use means. The reduced rate of VAT applies to supplies of fuel and power for qualifying use. 2 VAT liability of fuel and power 2.1 Reduced-rated supplies As such the rules surrounding time and place of supply are those associated with goods rather than for services. Under the act supplies of fuel and power are subject to the standard rate of VAT unless they are eligible for the reduced rate under schedule 7A or being exported outside the UK under the conditions set out in VAT on goods exported from the UK (VAT Notice 703).įind information about the current rate of VAT.įor VAT purposes the supply of heat, power, refrigeration or ventilation is a supply of goods (VATA 1994 schedule 4 paragraph 3). Unless otherwise specified legal references will be from the VAT Act 1994 (VATA 1994). It also tells you how to treat a number of other supplies connected with fuel and power. This notice explains how suppliers and users should treat supplies of fuel and power for VAT purposes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |