Commentary

V7.398 Claim procedures under the DIY housebuilders scheme

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.398 Claim procedures under the DIY housebuilders scheme

Part V7 Tax planning | Commentary

V7.398 Claim procedures under the DIY housebuilders scheme

Form VAT 431NB needs to be completed and sent to HMRC in order to obtain a VAT refund under the DIY scheme. It is important to give plenty of detail in the relevant parts to support the application.

Note – there is a time limit for making the claim, namely three months after the construction or conversion is completed. The completion date is usually based on a certification or letter of completion issued by a local authority. If this deadline date cannot be met, then a letter needs to be sent to HMRC,

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