Have the energy ombudsman. The final port of call for complaints. In this instance, extra energy does not exist anymore as a company and the administrators of extra energy are pwc. If you want to complain about your bill, go to pwc and complain but afterwards you cannot go to the ombudsman, ofgem, because pwc is not an energy company. Ive had it described as a regulatory black hole in this. Has anyone from nc described as a regulatory black hole in this. Has anyone from m the company commented . They said they are looking at bills of 130,000 companies, they say they have done a sig can majority and anyone with a problem with their bill, pwc is encouraging them to get in touch. And how would you change things . Is it about changing regulations . At the moment, it has been described as a regulatory black hole, something needs to change to protect those customers once the supply has gone into administration. Thanks very much. You can listen to the full report on radio four at midday today
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Further clarity awaited on VAT for Oman’s oil and gas industry
Oil & Gas activities will be zero-rated for Value Added Tax (VAT) only for the upstream and midstream segments of Oman’s hydrocarbon business a key source of revenue for Omani economy.
According to tax experts of leading multinational professional services network PwC, downstream elements of the business encompassing refining and petrochemicals are likely to be standard rated at five per cent VAT, going by the Executive Regulations issued by the Tax Authority recently.
The tax experts however hastened to stress that further clarity on the applicability of VAT for the Oil & Gas industry when sector-specific tax guides are issued by the Tax Authority ahead of the formal implementation of VAT starting from April 16, 2021.