I've recently formed a ltd as I've got an IR35 friendly deal to supply deliverables to a software co. I'm not currently registered with the vatman as the co will have a turnover of only 20-30k in its 1st year or two.
I need to shell out maybe £1500 on hardware and software licences - is it worth the hastle of voluntarily registering with the vatman so that I can claim back a few hundred of vat?
And also if I do register will that mean that I'll have to charge the client 17.5% extra that they'll not be able to reclaim?
I need to shell out maybe £1500 on hardware and software licences - is it worth the hastle of voluntarily registering with the vatman so that I can claim back a few hundred of vat?
And also if I do register will that mean that I'll have to charge the client 17.5% extra that they'll not be able to reclaim?
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