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It's either allowed, not allowed, or unclear with no case law. But it is unlikely I am the first person to consider this, so I expected that there would be relatively clear guidance somewhere.
That's how I thought it works. So if I am on the flat rate scheme and not reclaiming the original...
I own a VAT registered limited company, but unrelated to construction, trades or property in general.
I am carrying out some DIY renovations to my own house and I want to find a way to take advantage of the 5% VAT rate on materials that builders normally have. I admit that don't fully...