Reclaiming VAT |
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One of the most pleasant tasks of building
your own home is making a VAT repayment claim at the end of
the build ! |
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You can make a claim if the new house is an
ordinary private domestic residence and you will need detailed
proof of VAT paid on all the goods for which a claim is to
be made. |
The claim must be made within three months
of the building being completed and you only get one chance
to claim, and so you need to get it right first time. |
| You can make a claim for most of the goods
and materials bought from a VAT registered supplier which
are incorporated into the building or the site.
You cannot claim for furniture, carpets, curtains, white
goods, trees and plants, nor for burglar alarms, professional
services, equipment hire, transport of materials and tools
used. |
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HM Customs & Excise publish
a very good guide on this matter - VAT Refunds for do-it-yourself
Builders, dated January 1996 and under Notice 719. This clearly
explains who is eligible, how to make a claim and what can
be claimed. |
Whilst we have always found the Customs &
Excise extremely helpful, where the project is particularly
complicated it is best to employ a VAT Consultant to make
the claim for you.
The consultant will be conversant with the rules and regulations,
know the procedure as well as the tricks of the trade and
make sure that you have not forgotten any items. |
The VAT Consultant will also ensure that your
claim is made quickly and fully, and that you receive your
refund quickly. BuildStore can assist in recommendations.
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