Billing Information and Payment. 11.1 Calculating Tax Invoices for Distribution Service charges: Practice note: Option for ICP-priced Network. This option assumes the Distributor will create the tax invoice. An alternative process will be required where a buyer-created invoice is required. [The Retailer will provide consumption information, and the Distributor will calculate Distribution Services charges payable by the Retailer, in accordance with the following:
Billing Information and Payment. Clause 9.1 of the draft DDA requires the trader to provide information to enable the Distributor to calculate Distribution Services charges and prepare Tax Invoices, in accordance with Schedule 2. In some cases however, the Distributor may prefer to use their own information. As such, WEL’s agreement contains the clause that (b) The Distributor may elect, by notice to the Retailer, to use its own information to calculate all or part of the Distribution Services charges payable by the Retailer in accordance with this clause 11. Similarly Vector’s negotiated agreement provides for a pro forma tax invoice to be issued prior to the actual, which is the billing approach for Vector’s Northern network and the preferred billing method for some retailers on Vector’s Auckland network. It would be preferable for the DDA to allow Distributors and Traders to continue their mutually agreed billing approaches, and in any case continue to use their own information and/or estimates having given the trader notice. This avoids having to “wait and see” if the retailer provides its data on time before estimating the tax invoice. In some cases, the ability for the distributor to estimate the invoice may be more timely and efficient.
Billing Information and Payment. Deleted: i
Billing Information and Payment
