My Ltd owns a domestic property that is currently vacant and on supply with British Gas (for electricity only, ironically there is no gas supply). Because it’s a domestic property, British Gas has credited the government support payment of £66 to the energy account, which will apparently be refunded to the bank account around the same date that a direct debit would be collected if one were due.
As the refund exceeds the total payments to British Gas to date I cannot tag this as a refund from a supplier, nor do I think I can reasonably tag it to an invoice to British Gas, if nothing else due to VAT implications (as far as I’m aware this amount wouldn’t be vattable).
What would the correct accounting treatment be for this?