- VAT refunds can be claimed under the DIY housebuilders’ scheme for certain goods and services used for building or converting a home.
- The scheme is being amended to allow claimants to file refund claims electronically.
- The time limit for making claims is being extended from three to six months from the completion date of the build.
- Changes are being made to the list of documents that must be submitted when making a claim, including new requirements for evidence in the case of a converted derelict building or shell.
- Claims must be made on a form specified by HMRC notice.
- The Value Added Tax (Refunds to “Do-It-Yourself” Builders) (Amendment of Method and Time for Making Claims) Regulations 2023 (SI 2023/1201) implement these measures.
- The measures will come into force on 5 December 2023 for claims made on or after that date.
Source: taxscape.deloitte.com
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.
Latest Posts in "United Kingdom"
- UK Supreme Court Rules VAT Applicable on Success Fees After Exit from VAT Group
- JPMorgan Chase Bank NA v HMRC: VAT Dispute on Intra-group Service Taxability, Appeal Dismissed
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches