Example 2 - Account with Consumption Under the De Minimis Limit
In this example, consumption does not exceed the de minimis limit and therefore reduced rate VAT is applied to all the energy related charges. There is no climate change levy because only units subject to standard rate VAT are subject to CCL.
|
Bill Line |
Amount |
|
Standing Charge |
10.00 |
|
2,000 units @ 10p |
200.00 |
|
VAT @ 5% on £210.00 |
10.05 |
|
Total |
220.05 |