We have been commisioned by a client to produce a bespoke van conversion for racecourse bookmaker. We have a fixed budget of £20k including VAT for the used vehicle and the conversion. I am of the understanding that due to the nature of his business the VAT is not able to be reclaimed but i find it hard to believe there is not a way to reclaim it legitimately as its quite a large capital purchase and the VAT element of the budget makes a huge difference the the spec of the job. I would like to put him in a nearly new van but if he cant get the VAT back then it will be a 3 year old van as a base.
If anyone can help or knows if there is a way then please let me know, hes 70 years old and straight as an arrow so no loopholes please.