Trade discount for builder and VAT Reclaim

[IanB]

I'm trying to understand the relationship between getting a decent trade discount and then VAT reclaim on invoices in my name.

 

Is it sensible to open a bank account with dual card access for myself and my builder/Project manager (whom I completely trust). My thought process is he can use his trade account to purchase with a discount but ask for VAT receipts to be made out to my name and address to ensure VAT reclaim. That way I keep a handle of current cash balance and outgoing from my account. Is this allowed and best practice

 

Thanks

 

 

[JohnMo]

5 hours ago, IanB said:

Is it sensible to open a bank account with dual card access for myself and my builder/Project manager

No.

 

5 hours ago, IanB said:

My thought process is he can use his trade account to purchase with a discount but ask for VAT receipts to be made out to my name and address to ensure VAT reclaim

Except the builder shouldn't be charging you vat anyway, if he is installing the parts he buys. His service to you should be free of VAT.for goods and service.

 

Trust us nothing to do with the subject.

[saveasteading]

10 minutes ago, JohnMo said:

the builder shouldn't be charging you vat anyway

5% on a conversion.  One big advantage of that is that the builder can own or hire equipment and it falls within he one invoice. VAT reclaims do not otherwise allow tool hire or purchase.

 

But otherwise...NO. There is nothing to stop you buying materials, and the only downsides might be if you get it late, or if there is a problem with quantities/ waste.