Wanted: Freelance Graphic Design advice UK only?

Question

I'm a graphic designer here in London and have 12 years experience since graduating. My current employer is relocating out of London soon and my travel costs to the new location will be too expensive for me to continue working for the company (£75 per week).

I've always thought about going freelance but the lure of job security in a normal job has always been too great.

I think this is probably the right time for me to take the plunge as I'm single and don't have a family to support.

I need some advice from people that have done this so I can be prepared for may be ahead. Should I register a company for tax purposes. Can I claim costs for a new computer equipment, mobile phone etc back from the tax man? I am totally clueless and would appreciate any help. Thanks.

Answer 1

It's a very large area to cover.

No don't register a (limited) company. DO register as self employed with HMRC.

Yes you can claim capital allowances for plant etc.

Go to:

http://www.direct.gov.uk/en/MoneyTaxAndB...