13-01-2022, 19:33
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#406
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cf.mega pornstar
Join Date: Jan 2006
Posts: 19,217
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
It does. You do have to submit yourself to the annual inconvenience of submitting a self-assessment tax return but it’s worth it. You can claim tax relief on a number of home office expenses (unless your employer is paying those expenses to you of course). You can also claim for wear and tear and additional insurance costs. My taxable income was reduced by just under £1,000 last year by this means.
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You can probably do that for PAYE to, I do for other things most years but haven't bothered for the last couple, saving them up!
My father in law got his electric and gas bill for the last 18 months today, £10 000  goodness knows what it'll be in the next eighteen months and it certainly puts my up to 20 quid a month rise in to perspective 
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13-01-2022, 19:38
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#407
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NUTS !!
Join Date: Apr 2006
Posts: 5,252
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Re: Energy companies collapse
Quote:
Originally Posted by TheDaddy
You can probably do that for PAYE to, I do for other things most years but haven't bothered for the last couple, saving them up!
My father in law got his electric and gas bill for the last 18 months today, £10 000 goodness knows what it'll be in the next eighteen months and it certainly puts my up to 20 quid a month rise in to perspective |
It must cost quite a lot to heat that indoor swimming pool. 
__________________
Oh what fun it is
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13-01-2022, 19:39
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#408
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Trollsplatter
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 38,220
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Re: Energy companies collapse
How the heck can his bills be that high? Is he heating an open-air swimming pool? 
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13-01-2022, 20:26
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#409
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cf.mega pornstar
Join Date: Jan 2006
Posts: 19,217
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
How the heck can his bills be that high? Is he heating an open-air swimming pool? |
It's £550 odd a month by my reckoning, they do use a lot of gas and electric but this is before the rises have really kicked in, father in law is quite blasé about it but I think I'm going to get his daughter on the case, it's her inheritance after all!
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13-01-2022, 20:28
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#410
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Do I care what you think
Join Date: Jul 2006
Location: Cardiff South Wales
Age: 75
Services: V6 ,Virgin L. Phone Broadband.sky go Netflix
Posts: 5,193
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
It does. You do have to submit yourself to the annual inconvenience of submitting a self-assessment tax return but it’s worth it. You can claim tax relief on a number of home office expenses (unless your employer is paying those expenses to you of course). You can also claim for wear and tear and additional insurance costs. My taxable income was reduced by just under £1,000 last year by this means.
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Its what accountants are for. 
__________________
No point in being pessimistic. You know it won`t work.
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15-01-2022, 19:56
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#411
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cf.mega poster
Join Date: Dec 2013
Posts: 15,410
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Re: Energy companies collapse
Quote:
UK homes face fresh energy pain with price cap set to hit £2,400 this year
The calculation by energy consultancy EnAppSys for the Financial Times underlines that the country’s looming cost-of-living crisis is likely to be protracted as wholesale gas prices continue to trade at historically high levels.
The price cap, introduced in 2019 to protect the bills of roughly 15m households who do not opt for fixed-price deals, is already set to rise by more than 50 per cent in April to £2,000 a year from £1,277, based on average usage.
Ofgem, the energy market regulator, sets the level of the cap twice a year with the next change after April’s due in October. Using the latest market pricing, EnAppSys estimates that later this year the cap could hit between £2,300 and £2,400, unless the government and regulator intervene to relieve pressure on consumers.
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Google the headline to read the article free, or visit https://www.ft.com/content/d246f8b4-...1-7779acc5efd7
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18-01-2022, 21:11
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#412
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Born again teenager.
Join Date: Feb 2007
Location: Manchester. (VM area 20)
Age: 77
Services: Maxit TV, M250 Fibre BB.
Phone-Anytime Chatter
Posts: 13,852
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Re: Energy companies collapse
Together Energy Retail has stopped trading, affecting 176,000 households.
Quote:
Together Energy Retail, which has about 176,000 domestic customers, was part-owned by Warrington Borough Council.
The council, which spent £18m on a 50% stake in the firm in 2019, said it was "disappointed" the firm had gone under, but defended its investment decision.
Ofgem said a new supplier would be found for the company's customers and that energy supply would continue.
A total of 28 energy suppliers, mostly smaller firms, have stopped trading in the UK since August, affecting millions of customers.
In a statement on its website, Together Energy said the "sustained increase in wholesale prices and the securities required to continue to forward purchase the energy", made the firm's situation "untenable".
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https://www.bbc.co.uk/news/business-60038685
__________________
"I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne
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18-01-2022, 21:36
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#413
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cf.mega poster
Join Date: Dec 2013
Posts: 15,410
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Re: Energy companies collapse
Quote:
Originally Posted by joglynne
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Sorry for everyone affected, but ridiculous for a council to invest so much money in an energy supplier.
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18-01-2022, 22:50
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#414
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,823
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
Sorry for everyone affected, but ridiculous for a council to invest so much money in an energy supplier.
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Our council invested in Icelandic banks and that didn't end well.
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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18-01-2022, 23:08
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#415
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cf.mega poster
Join Date: Dec 2013
Posts: 15,410
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Re: Energy companies collapse
Quote:
Originally Posted by papa smurf
Our council invested in Icelandic banks and that didn't end well.
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I think that was slightly different as they were on a panel of approved banks for councils to put their cash in. Not a 50% stake in a commercial company.
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28-01-2022, 12:07
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#417
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cf.mega poster
Join Date: Jan 2008
Posts: 10,767
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
It does. You do have to submit yourself to the annual inconvenience of submitting a self-assessment tax return but it’s worth it. You can claim tax relief on a number of home office expenses (unless your employer is paying those expenses to you of course). You can also claim for wear and tear and additional insurance costs. My taxable income was reduced by just under £1,000 last year by this means.
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I'm on Self Assessment anyway due to my business and investment interests, my accountant sorts it all out.
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28-01-2022, 14:12
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#418
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cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 8,160
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
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So when did the UK run out of gas?
The UK only depends on Russia for 3% of gas, Western Europe relies on 40%. They are the ones with the bigger problem.
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28-01-2022, 15:33
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#419
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cf.mega poster
Join Date: Jul 2004
Location: Hiding . . from all the experts
Posts: 4,452
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Re: Energy companies collapse
We haven't 'run out' of gas, but it's sold to those who will pay more than the UK to have it 
__________________
“You get a wonderful view from the point of no return.” ~ T. Pratchett
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28-01-2022, 15:39
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#420
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,792
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Re: Energy companies collapse
Quote:
Originally Posted by nomadking
So when did the UK run out of gas?
The UK only depends on Russia for 3% of gas, Western Europe relies on 40%. They are the ones with the bigger problem.
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Unless, of course, Europe (Norway, Netherlands, & Belgium) decides to use the 35% of our gas supply they export to us, or if the price of wholescale gas escalates even further due to sanctions on Russia...
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