09.30.15

UK Tax Breaks For Water Damage

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It is very common for the UK water leak detection companies to locate leaks on broken water lines resulting to loss of thousands of gallons of water a day. A lot of these leakages have been confirmed to occur on pipes that do not have water meters on them. Had water meters been installed, these leaks could have been quickly established as the meters would have indicated the broken lines. Therefore, the UK tax authority would surely set the precise tax information for the water companies.

All across the UK, thousands of homes and business premises do not have water meters to serve them. Without water meters on each home or a business facility, it will be impossible for the individual consumers to know the exact amount of water they have used, and how much may have been lost due to leakage. The water suppliers will, therefore, have absolutely no hope of recovering the cost of water lost.

Sub-metering all water supply lines in the community can considerably alleviate many of the issues about water loss, and profitability can be increased. Sub-metering is the idea of using a water meter to measure the fraction of water consumed by an individual consumer from the master meter. A master meter is a typical utility meter customarily possessed, maintained, and read for the purposes of water billing by the water companies.

water-pipe-leakingWater companies resell the water that has been read by the individual meters and issues invoices to individuals consumers who have been sub-metered. The latest interest has been towards water conservation, and water sub-metering has been found to be significantly contributory towards achieving this. Issues on keeping the water bills accurate have considerably limited the use of non-metered allocation charges. The incentive towards installation of sub-meters has seen a slight reduction in water bills due to the absence of allocation costs. The new billing practice ensures that individual consumers are charged as per their level of water use, contrasting the conventional flat rate system.

Consumers who are billed separately are capable of; questioning the reason for certain water changes, complaining about the basis for calculating the charges or claim that the water meters installed on their lot are incorrect. The information on their meters can enable them prove beyond any reasonable doubt that, they are being assessed incorrectly or illegally and can even claim that the utility charges are another form of the rent increase. Seeking any legal actions for them would be very simplified.

Once a community ascertains the amount of water being lost, a cost/benefits examination for a far-reaching leak detection and program can be initiated, and much money can be saved. UK water leak detection agencies can find and often repair hidden water leaks. Slab, under concrete, and deep underground leaks can all be found by an experienced leak detection expert. These agencies have been finding and repairing water leaks throughout the United Kingdom. It’s a shame that Britons pay the highest property taxes as opposed to others around the world, and yet they are not given tax breaks when they use services to prevent environmental disasters.

When water leaks are minimized, water companies are going to realize massive profits. As a result, increased tax will be remitted to the UK tax authority. However, let’s hope that Britons will receive tax breaks they so desperately need and deserve.