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So is it worth joining for the 1st year to get the relief on the initial £2k outlay and then leaving in year 2?
Trunkie-
This is where you'd be better off speaking to an accountant than asking here.
I know it's annoying / frustrating as it feels like you should be able to answer this yourself and you probably can if you spend enough time researching it.
In my experience you then end up spending your 'free' time trying to work out your company and personal taxes.
I'd recommend trying to find a good accountant who is familiar with your industry
As full disclosure I've not found a 'good' accountant in 15+ years but have settled for one that I trust and can generally steer me the right way (I am happy to pay tax btw!).
Good luck
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I couldn't really answer that for you, it's definitely hassle free being on the fixed rate but on a turnover of 100k for example i think you'll get about 200 quid back (except on capital over 2k obviously). I was on the fixed rate for 3 years then switched over to standard, it was painless for me because my accountants do my payroll and VAT as part of their service. If all of your clients are VAT registered (i.e not the general public) and filing the returns isn't a problem then I don't see a down side to being VAT registered even if you're below the threshold but I'm not an authority and happily pay an accountant to sort all that shit out for me.
goodhead
Gewürzt
Only if you're not a limited cost trader (which most contractors fall into) then it's 16.5%