Reclaiming VAT on your Project

Reclaim VAT on your Timber Frame Kit

If you are building a new home using a Lomond Timber Frame kit, whether you do the work yourself or have it done for you, you will probably be able to reclaim the VAT you pay on some of the building materials and services you use.

Full information is available on the HM Revenue and Customs web site...

www.hmrc.gov.uk/vat/consumers-diy.htm

When budgeting for your project, read this information carefully. Your project may not qualify at all, (for example, if you are building the home to let out as a landlord) or you may not be able to reclaim VAT on everything. In any case, some supplies or services by builders may already be zero-rated or at a reduced rate of VAT.

The HMRC web site also explains what you can claim and the conditions you need to meet in order to do so.

When to make a claim
You can't claim as the work goes along - you have to wait until it's finished according to the original plans. If in doubt, you can wait until the local authority issues a certificate of completion.

You must make your claim within three months of completing your conversion or building work.

Providing your claim for VAT refund has been submitted correctly, you should normally get your refund within 30 banking days of your claim being processed.