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What will the referrals payments be after the VAT reduction?

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Grafter
Posts: 5,924
Thanks: 2
Registered: ‎07-04-2007

What will the referrals payments be after the VAT reduction?

Are PN going to keep the referrals payments the same after the reduction in VAT?
Currently a 100p referral payment carry a 15p VAT discount which mean that it cost PN 85p. With the VAT being reduced to 15% the 100p discount will only carry a 13p VAT discount so costing PN 87p. Will PN reduce the discounts to maintain the 85p so the discount will be 98p to the user or increase the discount to maintain the 100p to the user?
9 REPLIES 9
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Grafter
Posts: 21,036
Thanks: 2
Registered: ‎04-04-2007

Re: What will the referrals payments be after the VAT reduction?

I'll try to find out for you.
I honestly have no idea what will happen to referral payments during this period. Yet. Smiley
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Grafter
Posts: 21,036
Thanks: 2
Registered: ‎04-04-2007

Re: What will the referrals payments be after the VAT reduction?

Apologies for the edit.
I'm just seeking further confirmation on exactly what will be happening from a referrals perspective.
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Rising Star
Posts: 4,154
Thanks: 9
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Registered: ‎15-04-2007

Re: What will the referrals payments be after the VAT reduction?

Jameseh, any news? on wat is going to happen.
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Legend
Posts: 17,723
Thanks: 598
Fixes: 168
Registered: ‎05-04-2007

Re: What will the referrals payments be after the VAT reduction?

I'm not sure where James got with this one, I'll double check with him when he's in the office at 10.
If this post resolved your issue please click the 'This fixed my problem' button

Former Plusnet Staff member. Posts after 31st Jan 2020 are not on behalf of Plusnet.
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Community Veteran
Posts: 1,852
Registered: ‎04-04-2007

Re: What will the referrals payments be after the VAT reduction?

Still a bit of work being done around this guys after a potential red flag was raised internally today.
We'll hopefully have more news tomorrow but clearly we want to do the best thing possible for customers.
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Rising Star
Posts: 4,154
Thanks: 9
Fixes: 1
Registered: ‎15-04-2007

Re: What will the referrals payments be after the VAT reduction?

Thanks Mark for the update!
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Grafter
Posts: 21,036
Thanks: 2
Registered: ‎04-04-2007

Re: What will the referrals payments be after the VAT reduction?

I should hopefully have an answer for you all today.
If not I might cry Smiley
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Grafter
Posts: 21,036
Thanks: 2
Registered: ‎04-04-2007

Re: What will the referrals payments be after the VAT reduction?

Or sooner than that...
The residential referral values, which are quoted including VAT will not be changing.
The business referral values, which are quoted as excluding VAT are also not changing.  However, the amount of VAT on each referral will be slightly less.
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Rising Star
Posts: 4,154
Thanks: 9
Fixes: 1
Registered: ‎15-04-2007

Re: What will the referrals payments be after the VAT reduction?

Thanks Jameseh for that.