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Self-builds from J. M. Daniel Business Services Ltd
Description
You may be eligible to make a claim if you are constructing a new qualifying:
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Dwelling (self contained accommodation)
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Communal residential building
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Charity building
Broadly speaking a newly constructed building is one built from scratch, from ground level up.
The only goods that VAT can be reclaimed for are ‘building materials’. The building materials are incorporated in the building or its site in the course of construction. In addition to the expected costs of constructing floors, walls and roofs, the following are eligible costs:
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Fireplaces and surrounds
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Fire alarms
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Burglar alarms
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Curtain poles and rails
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Saunas
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Solar panels
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TV aerials
Generally, invoices for combined services of labour and materials, or labour only, should have VAT calculated at O%. It is very important to ensure all invoices included in the claim have VAT calculated at the correct percentage. You can only reclaim VAT charged at the correct rate.
Only one claim can be submitted and this must be within 3 months of completion. Evidence of completion can be:
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Completion Certificate from Building Regulations.
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Council Tax rating valuation from your Local Council.
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Habitation Certificate.
J.M. Daniel Business Services Ltd
If you are fortunate enough to have found a fantastic plot of land or secured the dilapidated property of your dreams, you will have a lot to think about and plan.
J. M. Daniel Business Services offer a professional, friendly and helpful service.
They can help maximise the VAT refund received upon completion, as well as ensure you are charged the correct amount of VAT on your invoices and that all invoices have the correct details - as required by HMRC Office. This will minimise queries and non-eligible items that may slow the repayment process.
J. M. Daniel Business Services help you obtain the full VAT refund you are eligible to receive.
There are two consequences of paying too much VAT on an invoice :
- The invoice will be rejected when your VAT refund paperwork is submitted.
- You will have paid too much money to your supplier; this has a negative impact on your cash flow.
The company resolve the above ‘paperwork’ problems for you, giving you the time to concentrate on the completion of your project, or time to relax and enjoy the finished product.
Find out more about J. M Daniel Business Services by visiting their website.
