Results 1 to 1 of 1

Thread: Check the VAT on your electricity bill

  1. #1
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12

    Check the VAT on your electricity bill

    If you are supplied by Joburg City Power, it might be an idea to check your electricity bill.
    Check your electricity bill! You could have been ripped off by the City of Joburg, which has reluctantly admitted that a "computer error" has led to thousands of consumers being overcharged on VAT.

    But they claim the mistake is being rectified and that customers with overcharged accounts will be credited.

    Steven Jones, who writes for investment and finance website Moneyweb, recently checked a relative's November bill from the City of Joburg.

    He found that the total charge of R576,13 included VAT of R213,50. He said the net charge for electricity excluding VAT was R362,63 which means that VAT had been levied at a whopping 59 percent.
    story from IOL here

  2. Thanks given for this post:

    Yvonne (09-Dec-08)

Similar Threads

  1. Changes to VAT registration process
    By CharlesM in forum Tax Forum
    Replies: 8
    Last Post: 08-Nov-08, 09:42 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •