Outcome Plan Claims (prepared by agent or with specialist input) and Actual Cost Capital Claims
If your business is VAT registered, you may only claim grant assistance for the cost, net of VAT.
If your business is not VAT registered, grant assistance can be paid on the total cost, inclusive of VAT. Due to the planned VAT increase to 20% from 1 January 2011, you will be allowed to submit a variation to your contract to cover the increase in the eligible costs of the project. For more details about variations, please see the Variations Guidance pages.
It is your own responsibility to ascertain what VAT costs can be reclaimed. You are advised to discuss this with your accountant prior to submitting a claim.
It is in your own interest to submit proof from HMRC of your VAT registration status along with any claim which includes VAT. If you do not we will be unable to process your claim until we receive a correctly completed VAT Registration Status Declaration Form.
Standard Cost Capital Claims and Annual Recurrent Claims
Standard costs remain the same regardless of your VAT registration status. Your claim should be for the number of units agreed and completed, and the calculation will be made automatically for you.