VATupdate

Share this post on

Top 10 Tips for Claiming VAT on DIY Housebuilders’ Scheme

  • DIY Housebuilders’ Scheme allows recovery of VAT on construction
  • No need to be VAT registered to make a claim
  • Can also claim VAT on construction of new charity building
  • Understand HMRC definitions for successful claim
  • Property can be built for another relative to live in
  • Contractors can be used for the work
  • Valid claim can be made on building materials and certain services
  • Receive goods and services at correct rate of VAT
  • Ask contractor to buy goods to aid cash flow
  • Submit claim form within six months

Source: marcusward.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements:

  • VAT news