DIY Housebuilder Scheme For New Builds
The DIY Housebuilder Scheme was introduced by HMRC to put people building their own house in the same position as if they had purchased a new build from a construction company. When buying from a construction company, the supply of a new build is zero rated for VAT purposes and therefore no VAT is charged on the purchase price. Therefore, for a DIY builder who is suffering VAT at 20% on building materials purchased for the build, a claim can be submitted to HMRC to refund this back. Paula Mason, VAT Manager, explains the qualification criteria and how to make a claim.
1 0 | SCRUTTON BLAND | P R O P E R T Y A N D CONSTRUCTION
Made with FlippingBook Learn more on our blog