A DIY Housebuilder is entitled to reclaim VAT suffered on building their new home. HMRC has always maintained that a DIY housebuilder is not entitled to make interim claims, must wait until completion of the project, and must then claim within 3 months after completion.
The First-Tier Tribunal has recently ruled that HMRC should permit interim claims. Unless this Decision is overturned on Appeal, this could be a very welcome development, particularly since HMRC has been taking an unreasonably long period to process and pay claims.
Source: Mondaq
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