Work after retirement

Planeman_2

Can anybody help with some basic advice (just a starter for 10?)
As a newly retired engineer, I am already a tax payer. I also work from home with regular visits to a local company where I help with technical matters. Most of my work is undertaken at home and consists of design and reports.
I am required to invoice the company and am paid directly into my bank account. If this work continues, I would imagine my additional income per annum will be approximately £6k?

Can anybody suggest basic reading for me to help with the new problem of providing a tax return whilst claiming for my allowances relating to working from home, travelling, consumables etc in order to reduce the amount of tax I will need to pay.

Many thanks in advance.

p00hsticks

So are you registered as self employed ?

Planeman_2

Hello, Err . . . I guess not.
Am I about to open a whole can of worms here?

Delphina

You will need to register and do it SOON, even if you have already been filing your tax returns every year for other reason (s).

As far as I know re expenses, if they are wholely and exclusive for your business, you can generally make a claim. Travel expense-wise, you can do the usual per mile alllowance or claim for the actual costs.

When you fill in your return, include ALL taxable income including pensions, not just freelance work/self employment, or the calculation will be wrong!!!