The Self Builders Podcast
Episode 15 - Andrew Jones - The VATman
Jun 19, 2024
Andrew Jones, a VAT reclaim expert, discusses how to save thousands through effective VAT strategies for self-build projects. He emphasizes the importance of consulting a specialist early on to navigate the complexities of VAT in the UK. The conversation explores VAT implications for barn conversions and new builds, clarifying common misconceptions. Listeners will learn about building control completion certificates and crucial deadlines for HMRC claims, ultimately gaining essential knowledge to optimize their self-building finances.
26:12
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Quick takeaways
- Self-builders must engage VAT specialists early to ensure compliance and maximize potential savings throughout their projects.
- Understanding VAT classification, particularly for conversions versus new builds, is crucial to avoid costly mistakes with HMRC.
Deep dives
Understanding VAT for Self-Building
The podcast discusses the implications of VAT when creating a new dwelling and emphasizes that such projects should generally be VAT exempt or zero-rated. It is crucial for self-builders to engage with VAT specialists from the beginning of their projects to determine the most beneficial approach to VAT. This proactive engagement not only ensures compliance but also helps save significant costs, as many people overlook vital steps that can lead to financial loss. The conversation highlights the importance of having clarity around VAT treatment before starting construction to avoid mistakes that can be costly in the long run.
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