VAT refunds on self-build homes - Revision history

Designing Buildings at 07:46, 19 November 2020

2020-11-19T07:46:09Z

← Older revision		Revision as of 07:46, 19 November 2020
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	* HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#1 Work on ordinary homes that may be reduced-rated or zero-rated].		* HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#1 Work on ordinary homes that may be reduced-rated or zero-rated].

−	[[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 07:45, 19 November 2020

2020-11-19T07:45:43Z

← Older revision		Revision as of 07:45, 19 November 2020
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−
	Self-build homes and the conversion of non-residential buildings into dwellings may qualify to reclaim the VAT paid on eligible building materials and services. The building must not be intended to be used for business purposes.		Self-build homes and the conversion of non-residential buildings into dwellings may qualify to reclaim the VAT paid on eligible building materials and services. The building must not be intended to be used for business purposes.

Line 5:		Line 4:

	Claims to HMRC can only be made once the construction is finished. Completion can be demonstrated by:		Claims to HMRC can only be made once the construction is finished. Completion can be demonstrated by:
−	*A certificate or letter of completion from the local authority for building regulations purposes.	+
−	*A habitation certificate or letter from the local authority.	+	* A certificate or letter of completion from the local authority for building regulations purposes.
−	*A valuation rating or council tax assessment.	+	* A habitation certificate or letter from the local authority.
−	*A certificate from a bank or building society.	+	* A valuation rating or council tax assessment.
		+	* A certificate from a bank or building society.

	Claims must be made within three months of completion and refunds will normally be made within 30 banking days of receiving the claim.		Claims must be made within three months of completion and refunds will normally be made within 30 banking days of receiving the claim.

	Making a claim requires that VAT invoices have been obtained and that they are correct. VAT invoices must show:		Making a claim requires that VAT invoices have been obtained and that they are correct. VAT invoices must show:
−	*The supplier's VAT registration number.	+
−	*The quantity and description of the goods and/or services.	+	* The supplier's VAT registration number.
−	*The purchaser’s name and address if the value is more than £100.	+	* The quantity and description of the goods and/or services.
−	*The price of each item.	+	* The purchaser’s name and address if the value is more than £100.
		+	* The price of each item.

	It is much easier to collect, collate and process the appropriate paperwork as project progresses than it is to try to do so after the building is complete.		It is much easier to collect, collate and process the appropriate paperwork as project progresses than it is to try to do so after the building is complete.

	Claims can be made for:		Claims can be made for:
−	*Building materials or goods incorporated into the building or conversion itself, or into the site (that is materials or goods that cannot be removed without using tools and damaging the building or the goods themselves). Exceptions include; fitted furniture, some electrical and gas appliances, and carpets or garden ornaments.	+
−	*If you are converting a non-residential building into a home, you can reclaim the VAT charged by your builder. For conversions, a builder can sometimes charge you a reduced rate instead of the standard rate of VAT.	+	* Building materials or goods incorporated into the building or conversion itself, or into the site (that is materials or goods that cannot be removed without using tools and damaging the building or the goods themselves). Exceptions include; fitted furniture, some electrical and gas appliances, and carpets or garden ornaments.
		+	* If you are converting a non-residential building into a home, you can reclaim the VAT charged by your builder. For conversions, a builder can sometimes charge you a reduced rate instead of the standard rate of VAT.

	Builder's services for new buildings should be zero-rated for VAT.		Builder's services for new buildings should be zero-rated for VAT.
Line 28:		Line 30:
	VAT paid on any professional or supervisory services cannot be reclaimed (although in kit houses this may be wrapped-up in the price of the kit), neither can VAT paid on services such as the hire of plant, tools and equipment.		VAT paid on any professional or supervisory services cannot be reclaimed (although in kit houses this may be wrapped-up in the price of the kit), neither can VAT paid on services such as the hire of plant, tools and equipment.

−	= ~~Find out more~~ =	+	= Related articles on Designing Buildings Wiki =
		+
		+	* Business rates.
		+	* Kit house.
		+	* PAYE.
		+	* Self build.
		+	* Self-build home project plan.
		+	* Self-build homes negotiating discounts.
		+	* Self build initiative.
		+	* Stamp duty.
		+	* VAT
		+	* VAT - Option to tax (or to elect to waive exemption from VAT).
		+	* VAT - Protected Buildings.

−	==~~= Related articles on Designing Buildings Wiki ===~~	+	= External references =
−	*Business rates.	+
−	*Kit house.	+
−	*PAYE.	+
−	*Self build.	+
−	*Self-build home project plan.	+
−	*Self-build homes negotiating discounts.	+
−	*Self build initiative.	+
−	*Stamp duty.	+
−	*VAT	+
−	*VAT - Option to tax (or to elect to waive exemption from VAT).	+
−	*VAT - Protected Buildings.	+

−	~~=== External references ===~~	+	* HMRC [http://www.hmrc.gov.uk/vat/sectors/consumers/new-home.htm VAT refunds on self-build new homes or non-residential conversions].
−	*HMRC [http://www.hmrc.gov.uk/vat/sectors/consumers/new-home.htm VAT refunds on self-build new homes or non-residential conversions].	+	* HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm Building and construction work and VAT].
−	*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm Building and construction work and VAT].	+	* HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#2 Work on buildings other than ordinary homes that may be reduced-rated or zero-rated].
−	*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#2 Work on buildings other than ordinary homes that may be reduced-rated or zero-rated].	+	* HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#1 Work on ordinary homes that may be reduced-rated or zero-rated].
−	*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#1 Work on ordinary homes that may be reduced-rated or zero-rated].	+

−	[[Category:Taxation]]	+	[[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]
−	[[Category:Cost_/_business_planning]]	+
−	[[Category:Procurement]]	+

Designing Buildings at 11:03, 2 October 2014

2014-10-02T11:03:03Z

← Older revision		Revision as of 11:03, 2 October 2014
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	*PAYE.		*PAYE.
	*Self build.		*Self build.
		+	*Self-build home project plan.
		+	*Self-build homes negotiating discounts.
		+	*Self build initiative.
	*Stamp duty.		*Stamp duty.
	*VAT		*VAT

Designing Buildings at 15:13, 22 August 2014

2014-08-22T15:13:16Z

← Older revision		Revision as of 15:13, 22 August 2014
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	Builder's services for new buildings should be zero-rated for VAT.		Builder's services for new buildings should be zero-rated for VAT.

−	VAT paid on any professional or supervisory services cannot be reclaimed, neither can VAT paid on services such as the hire of plant, tools and equipment.	+	VAT paid on any professional or supervisory services cannot be reclaimed (although in kit houses this may be wrapped-up in the price of the kit), neither can VAT paid on services such as the hire of plant, tools and equipment.

	= Find out more =		= Find out more =
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
	*Business rates.		*Business rates.
		+	*Kit house.
	*PAYE.		*PAYE.
	*Self build.		*Self build.

Designing Buildings at 13:05, 22 August 2014

2014-08-22T13:05:26Z

← Older revision		Revision as of 13:05, 22 August 2014
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		+	Self-build homes and the conversion of non-residential buildings into dwellings may qualify to reclaim the VAT paid on eligible building materials and services. The building must not be intended to be used for business purposes.

−	~~Self-build new homes and the conversion of a non-residential building into a dwelling may qualify to reclaim the VAT paid on eligible building materials and services.~~ The ~~building must not be intended to be used for business purposes.~~	+	The refund applies whether the home owner carries out the building work themselves, or whether they use builders to do some, or all of the work for them. Refunds are also permitted where the home owner adds to or finishes a partly completed new building, but not for extra work carried out on a completed building.
−		+
−	~~This~~ refund applies whether the home owner carries out the building work themselves, or whether they use builders to do some or all of the work for them. Refunds are also permitted where the home owner adds to or finishes a partly completed new building, but not for extra work carried out on a completed building.	+

	Claims to HMRC can only be made once the construction is finished. Completion can be demonstrated by:		Claims to HMRC can only be made once the construction is finished. Completion can be demonstrated by:
−	*A certificate or letter of completion from the local authority, for ~~Building Regulations~~ purposes.	+	*A certificate or letter of completion from the local authority for building regulations purposes.
	*A habitation certificate or letter from the local authority.		*A habitation certificate or letter from the local authority.
−	*A valuation rating or ~~Council Tax~~ assessment.	+	*A valuation rating or council tax assessment.
	*A certificate from a bank or building society.		*A certificate from a bank or building society.

−	Claims must be made within three months of completion and refunds will normally be made within 30 banking days of ~~them~~ receiving a claim.	+	Claims must be made within three months of completion and refunds will normally be made within 30 banking days of receiving the claim.

	Making a claim requires that VAT invoices have been obtained and that they are correct. VAT invoices must show:		Making a claim requires that VAT invoices have been obtained and that they are correct. VAT invoices must show:
Line 17:		Line 16:
	*The quantity and description of the goods and/or services.		*The quantity and description of the goods and/or services.
	*The purchaser’s name and address if the value is more than £100.		*The purchaser’s name and address if the value is more than £100.
−	*~~the~~ price of each item.	+	*The price of each item.
		+
		+	It is much easier to collect, collate and process the appropriate paperwork as project progresses than it is to try to do so after the building is complete.

	Claims can be made for:		Claims can be made for:
−	*Building materials incorporated into the building or conversion itself, or into the site (that is ~~they~~ cannot be removed without using tools and damaging the building ~~and/~~or the goods themselves). Exceptions include; fitted furniture, some electrical and gas appliances, and carpets or garden ornaments.	+	*Building materials or goods incorporated into the building or conversion itself, or into the site (that is materials or goods that cannot be removed without using tools and damaging the building or the goods themselves). Exceptions include; fitted furniture, some electrical and gas appliances, and carpets or garden ornaments.
	*If you are converting a non-residential building into a home, you can reclaim the VAT charged by your builder. For conversions, a builder can sometimes charge you a reduced rate instead of the standard rate of VAT.		*If you are converting a non-residential building into a home, you can reclaim the VAT charged by your builder. For conversions, a builder can sometimes charge you a reduced rate instead of the standard rate of VAT.

Designing Buildings: Created page with " Self-build new homes and the conversion of a non-residential building into a dwelling may qualify to reclaim the VAT paid on eligible building materials and services. The build..."

2014-08-22T13:00:28Z

Created page with " Self-build new homes and the conversion of a non-residential building into a dwelling may qualify to reclaim the VAT paid on eligible building materials and services. The build..."

New page

Self-build new homes and the conversion of a non-residential building into a dwelling may qualify to reclaim the VAT paid on eligible building materials and services. The building must not be intended to be used for business purposes.

This refund applies whether the home owner carries out the building work themselves, or whether they use builders to do some or all of the work for them. Refunds are also permitted where the home owner adds to or finishes a partly completed new building, but not for extra work carried out on a completed building.

Claims to HMRC can only be made once the construction is finished. Completion can be demonstrated by:
*A certificate or letter of completion from the local authority, for Building Regulations purposes.
*A habitation certificate or letter from the local authority.
*A valuation rating or Council Tax assessment.
*A certificate from a bank or building society.

Claims must be made within three months of completion and refunds will normally be made within 30 banking days of them receiving a claim.

Making a claim requires that VAT invoices have been obtained and that they are correct. VAT invoices must show:
*The supplier's VAT registration number.
*The quantity and description of the goods and/or services.
*The purchaser’s name and address if the value is more than £100.
*the price of each item.

Claims can be made for:
*Building materials incorporated into the building or conversion itself, or into the site (that is they cannot be removed without using tools and damaging the building and/or the goods themselves). Exceptions include; fitted furniture, some electrical and gas appliances, and carpets or garden ornaments.
*If you are converting a non-residential building into a home, you can reclaim the VAT charged by your builder. For conversions, a builder can sometimes charge you a reduced rate instead of the standard rate of VAT.

Builder's services for new buildings should be zero-rated for VAT.

VAT paid on any professional or supervisory services cannot be reclaimed, neither can VAT paid on services such as the hire of plant, tools and equipment.

= Find out more =

=== Related articles on Designing Buildings Wiki ===
*Business rates.
*PAYE.
*Self build.
*Stamp duty.
*VAT
*VAT - Option to tax (or to elect to waive exemption from VAT).
*VAT - Protected Buildings.

=== External references ===
*HMRC [http://www.hmrc.gov.uk/vat/sectors/consumers/new-home.htm VAT refunds on self-build new homes or non-residential conversions].
*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm Building and construction work and VAT].
*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#2 Work on buildings other than ordinary homes that may be reduced-rated or zero-rated].
*HMRC: [http://www.hmrc.gov.uk/vat/sectors/builders/construction.htm#1 Work on ordinary homes that may be reduced-rated or zero-rated].

[[Category:Taxation]]
[[Category:Cost_/_business_planning]]
[[Category:Procurement]]