- The DIY Housebuilders’ Scheme in the UK allows individuals to claim back VAT paid on construction materials and services.
- The scheme is designed to help individuals building their own homes or undertaking significant renovations.
- Eligibility criteria include constructing a new house or converting a non-residential building into a home.
- Claimants can recover VAT on building materials used in the construction, but not on professional services or hired goods.
- To make a claim, keep all receipts and invoices, obtain a completion certificate, and submit the necessary forms.
- It is important to maintain detailed records and understand the exclusions of the scheme.
- Seeking advice from a VAT specialist is recommended.
Source: deeksvat.co.uk
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.
