I have set up a company to run a children's day nursery, therefore it is VAT exempt. However, I have had to spend a huge sum of money refurbishing a leased property to run the business in, and have had to pay full VAT on all the building works, but won't be able to claim the VAT back through my company. Is it legal to ask my builder to refund my nursery company in full, then repay him through a new management company which is not VAT exempt, thereby being able to reclaim the VAT? I know others who have done it but just want to check it's above board before I do it myself. Hope someone can help!
Thanks
Diane
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