The DIY housebuilders scheme allows individuals constructing new houses to reclaim VAT paid on materials and services used in the building process. This scheme enables eligible housebuilders to recover VAT costs that would normally be irrecoverable, provided they meet specific criteria set out by HMRC. The refund applies to qualifying new build residential properties and can represent a significant saving on construction expenditure.
Source: HMRC (GOV.UK) – Read the original