According to the Chartered Institute for Taxation (CIOT), in July 2023, HMRC launched a ‘one-to-many’ letter campaign aimed at energy suppliers, regarding the reduced VAT rate for supplies of fuel and power. The reduced rate of VAT applies to supplies of de minimis amounts of energy. Where there are multiple meters used in a single premises and the supply of fuel and power is to one customer, the meters must be aggregated before applying the de minimis test.
Source: Deliotte
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