Alparaque said that even with the extension, taxpayers could still avail of the advanced and prompt discount payments
of 10% or 20%.
There appears to be common ground among committee members and key pharma CEOs around the goals of improving transparency of costs for consumers, eliminating rebate and discount payments
paid to the supply chain, and moving more toward a value-based payment system.
In total, British Gas expects to pay 600,000 of its customers a total of PS84m in Warm Home Discount payments
in the current financial year.
Thanks to improved systems, British Gas processed most of its Warm Home Discount payments
a month earlier than last year.
About 333,000 vulnerable customers who received Warm Discount Payments
could be affected, along with 465,000 customers who might have received incorrect information when choosing their tariff between June 2010 and December 2013.
The cash flow pressure in turn can prompt small business to accept discount payments
of up to five per cent for early settlement.
In it, the IRS said it would follow Westpac and established a method for accrual taxpayers to recognize advance trade discount payments
as a reduction in cost of inventory
"We have reviewed our discount payments
to Parmalat since 1995 and we cannot identify any payments knowingly made directly to either the Tanzi family or any other individuals.
The vendors then have to file additional forms to receive the discount payments
before the discount can be passed on to the applicant.
All customers who get core group Warm Home Discount payments
will receive a payment of PS25.